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2025 Supreme(Kar) 1970

IN THE HIGH COURT OF KARNATAKA AT BENGALURU
E.S.INDIRESH
Raguraj Gujjar S/o Late Thipanna – Appellant
Versus
Security and Exchange Board of India (SEBI) – Respondent


Advocates Appeared:
For the Appellants : Ashok Haranalli, Anirudh Anand
For the Respondents: R.V. Subramanya Naik, Nitin Prasad

Table of Content
1. writ petitions are related and have common legal questions. (Para 1 , 2)
2. details of petitions and allegations against noticees. (Para 3 , 4 , 5 , 6 , 7 , 8 , 9 , 10 , 11)
3. petitioners argue jurisdictional issues and procedural irregularities. (Para 13 , 14 , 21 , 23 , 24)
4. the court questions the legitimacy and competency of the notice. (Para 40 , 41 , 56 , 61)
5. writ petitions allowed, impugned notices quashed. (Para 70)

ORDER :

1. In these writ petitions, the petitioners are assailing the notice dated 22.09.2021 (Annexure-A) issued by the respondent No.2-Deputy General Manager (for short 'DGM') as incompetent authority has issued impugned notice and accordingly, sought for quashing the same.

2. Since, the question of law involved in these writ petitions are common, and facts are similar in nature and further the grounds as urged by the learned counsel appearing for the parties are more or less identical in nature and therefore, the writ petitions were clubbed, heard together and disposed of by this common order.

FACTS IN W.P.NO.3525 OF 2022:

3. In W.P.No.3525 of 2022, the petitioner is Noticee No.8, challenging the impugned notice dated 22.09.2021 (Annexure-A).

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