JUDGMENT :

Criminal Petition No.11332 of 2023 is filed by Accused No.1 and Criminal Petition No.11515 of 2023 is filed by Accused No.3, seeking regular bail in connection with the Enforcement Case Information Report (ECIR) No. ECIR/HYZO/08/2023 dated 15.02.2023.

2. Since the petitioners in both the criminal petitions are accused No 1 and 3 in the said ECIR, both the petitions are disposed by this common order.

3. Briefly, the case of Enforcement Directorate (ED) is that M/s.Taksheel Solutions Limited (for short “TSL”) Company made various mis-statements and failed to disclose information in the offer document. The Securities and Exchange Board of India (for short “SEBI”) inquired and conducted preliminary investigation. Thereafter, an ad-interim exparte order dated 28.12.2011 was filed against TSL and its Management. Consequently, SEBI passed a levying order dated 30.06.2014 levying penalty of Rs.76,00,00,000/- against 16 different entities which were involved, for various violations under the SEBI Act. The said adjudication order was challenged by most of the entities. The SEBI Appellate Tribunal (for short “SAT”) remanded the case back to the adjudicating authority since opportunity