2025 (12) TMI 1838

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....hangani, Advocate with Mr. Sumit Yadav, Mr. Abhay Chauhan and Mr. Atul Agrawal, Advocates i/b The Law Point. For the Respondent No. 2: Mr. Kunal Katariya, Advocate. ORDER PER: JUSTICE P. S. DINESH KUMAR, PRESIDING OFFICER (ORAL) This appeal is directed against order dated June 15, 2025 passed by SEBI. 2. We have heard Ms. Gazala Parveen Shaikh, learned advocate for the appellant and Mr. Manish Chhangani, learned advocate for the respondent-SEBI and Mr. Kunal Katariya, learned advocate for Respondent No. 2 (Angel One Limited). 3. Prayers in this appeal are as follows:- (i) Set aside the impugned order dated June 15, 2025 passed by Respondent No. 1 disposing of the Appellant's complaints without adjudication on meri....

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....d communications, misrepresentations, blocking huge funds incorrectly and without any intimation, deficiencies, gross negligence, harassment by abusive messages, manipulations, dishonest conducts, unfair trade practices, one sided policies and practices as unrecorded telephonic orders, unregistered advisory / PMS activities, and other breaches of the SEBI Act, Rules, Regulations, and Code of Conduct, and pass such appropriate orders in the complaint of the Appellant; (viii) Costs be provided for; (ix) Pass any such other and further orders as this Hon'ble Tribunal may consider necessary. 4. In substance, the appellant's case is that the appellant had carried on trading prior to August 2022. He had filed a complaint on S....

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.... 25 lakhs with interest. This is akin to a prayer in a civil suit and this Tribunal has no jurisdiction to try a suit. 8. We have carefully considered rival contentions and perused the records. 9. Undisputed facts are, appellant has traded prior to August 2022 and this appeal is presented on October 09, 2025. The prayer (ii) in the appeal is for a direction against the respondents to pay a sum of Rs. 25 lakhs. That prayer, as rightly submitted by Mr. Katariya is akin to a claim in a civil dispute and cannot be tried and adjudicated in this Tribunal. He also submitted that claim is made beyond three years. 10. Appellant has chosen to file his complaint on the SCORES platform. If he were to be unsatisfied by the result put up on the ....