CBI BS And FC Mumbai vs Manojdev Gokulchand Seksaria

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

2024 Supreme(SC) 679

B. R. GAVAI, K. V. VISWANATHAN
CBI BS And FC Mumbai – Appellant
Versus
Manojdev Gokulchand Seksaria – Respondent

Advocates appeared:
For the Petitioner(s): Mr. Nachiketa Joshi, Sr. Adv. Mr. Mukesh Kumar Maroria, AOR Mr. Alabhaya Dhamija, Adv. Ms. Preeti Rani, Adv. Mr. Akshay Amritanshu, Adv.
For the Respondent(s): Mr. Siddharth Dave, Sr. Adv. Mrs. Ranjeeta Rohatgi, Adv. Mrs. Pragya Baghel, AOR Ms. Shrika Gautam, Adv. Mr. Anand Dilip Landge, Adv. Mr. Siddharth Dharmadhikari, Adv. Mr. Aaditya Aniruddha Pande, AOR Mr. Bharat Bagla, Adv. Mr. Sourav Singh, Adv. Mr. Aditya Krishna, Adv. Ms. Preet S. Phanse, Adv. Mr. Adarsh Dubey, Adv.

JUDGMENT :

K.V. Viswanathan, J.

1. Leave granted.

2. The present appeals arise out of the judgement and order dated 05.01.2022 passed by the Learned Single Judge of the High Court of Judicature at Bombay in Writ Petition No. 245 of 2020 and Writ Petition No. 730 of 2020. In view of the fact that we propose to set aside the judgement and remand the Writ Petitions to be heard a Division Bench of the High Court, only a brief reference to the facts of the case is being made hereinbelow.

3. The appellant-Central Bureau of Investigation (hereinafter referred to as the ‘CBI’), on 20.02.2006, registered a Criminal Case No. RC3(E)/2006/BS&FC/Mumbai against 19 accused persons on the basis of a written complaint made by R. Ravichandran, Chief General Manager, Securities and Exchange Board of India (hereinafter referred to as the ‘SEBI”). The allegation was with regard to certain fraudulent activities committed in the Initial Public Offering (IPO) of the shares of Yes Bank Ltd., which opened for subscription from 15.06.2005 to 21.06.2005.

4. On 21.02.2006, the CBI registered another criminal case being Criminal Case No. RC4(E)/2006/CBI/BS&FC/Mumbai against 26 accused persons on the basis of a simil

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2024 Supreme(SC) 679

B. R. GAVAI, K. V. VISWANATHANCBI BS And FC Mumbai – AppellantVersusManojdev Gokulchand Seksaria – Respondent

B. R. GAVAI, K. V. VISWANATHAN
CBI BS And FC Mumbai – Appellant
Versus
Manojdev Gokulchand Seksaria – Respondent