Heard counsel for the petitioners, learned senior counsel Mr. Anil Kumar Sinha for the SEBI, learned AAG Mr. Ajit Kumar for the State, Mr. Mokhtar Khan, learned ASGI representing the Union of India, Ministry of Corporate Affairs and Mr. Pandey Neeraj Rai, learned counsel appearing for the RBI.

2. Both the writ petitions have been preferred with a prayer to unseal the petitioners' office and permit him to carry on his business without any hindrance or obstruction; further return the documents seized by the respondent district authorities of the State of Jharkhand and also to allow the petitioner No. 1 to operate its bank account. Petitioners have also made prayer for restraining the respondents from taking further coercive steps.

3. Earlier, when the matter was taken up on 20th March, 2013, learned AAG appearing on behalf of the State, submitted on instruction, that the present petitioners are one of the 27 companies who were asked to, furnish details about certain queries relating to their operation and on their failure to respond, their office premises were inspected and sealed in the district of Deoghar; report to that effect was also sent to various authorities including RBI