IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH

242 CR-1531-2017(O&M)

Date of decision: 06.11.2025 Rajen Chandrakant ...Petitioner(s)

Vs.

Divya Investment Consultants & Another ...Respondent(s)

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CORAM: HON’BLE MS. JUSTICE NIDHI GUPTA Present:- Mr. Sanjay Jain, Advocate for the petitioner.

Mr. Ashok Gupta, Advocate for the respondents.

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NIDHI GUPTA, J.

Present Revision Petition has been filed by the petitioner/defendant No.1 under Article 227 of the Constitution of India, against the order dated 18.02.2017 (Annexure P1) passed by the Civil Judge (Senior Division), Ambala whereby application filed by the petitioner under Order 7 Rule 11 CPC for rejection of the plaint, has been dismissed.

2. It is inter alia submitted by learned counsel for the petitioner that the impugned order is prima facie unsustainable because as per the plaint/suit (Annexure P2), the total controversy is with regard to the sale and purchase of equity shares and money transaction between the investor/respondent-plaintiff and the Stock Broker/petitioner-defendant. It is submitted that as such, in terms of provisions of the Securities and Exchange Board of India Act, 1992 (hereinafter referred to as “the SEBI Ac