Mr. Shoaib Richie Sequeira vs State of Maharashtra

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

2025 Supreme(Online)(SEBI) 7

SECURITIES AND EXCHANGE BOARD OF INDIA
Prithviraj K. Chavan, Revati Mohite Dere, JJ
Mr. Shoaib Richie Sequeira – Appellant
Versus
State of Maharashtra – Respondent

Advocates:
For the Appellants/Petitioners:Mr. Aabad Ponda, Senior Advocate, Mr. Parth Jain, Mr. Puru Jain, Ms. Rutvi Soni, Mr. Ravi Kadam, Senior Advocate, Mr. Vikram Nankani, Senior Advocate, Mr. Vineet Naik, Senior Advocate, Mr. Ameet Naik, Mr. Abhishek Kale, Ms. Vaibhavi Bhure, Mr. Aditya Ajgaonkar, Mr. Harish Khedkar, Mr. Vivek Dwivedi, Mr. Nevil Chopra, Ms. Antara Kulkarni, and Ms. Rebecca Singh
For the Respondents:Mr. H.S. Venegavkar, P.P, Ms. P.P. Shinde, A.P.P, Mr. H.S. Venegavkar, S.P.P, Mr. Ayush Kedia, Mr. Kuldeep S. Patil, Special Public Prosecutor, Mr. Dhavalsinh Patil, Mr. Ashish Kumar Srivastava, Ms. Sampada S. Patil, Mr. Rafique Dada, Senior Advocate, Mr. Bhushan Shah, Mr. Akash Jain, Mr. Abhishek Nair, Mr. Mansukhlal & Co., Mr. Nikhit Mishra, Joint C.P.

Table of Content
1. writ jurisdiction for investigation complaints. (Para 1 , 2 , 4)
2. petitioner's history of similar complaints. (Para 3 , 5 , 6)
3. misappropriation and fraudulent activities outlined. (Para 9 , 10)
4. legal framework for transferring investigations. (Para 17 , 18)
5. court observations on investigation quality and agency performance. (Para 21 , 22 , 23)
6. justification for sit due to the gravity of the accusations. (Para 27 , 28 , 32)
7. conclusion on disposing of the petition and directing investigations. (Para 31 , 34 , 35)

JUDGMENT:

[Per Prithviraj K. Chavan, J.]:

1. The petitioner, who is a public rights activist and founding member of a Non-Governmental Organizations involved in espousing public interests has approached this Court invoking writ jurisdiction under Article 226 of the Constitution of India, inter alia, seeking the following substantive prayers;

“A. That this Hon’ble Court be pleased to issue a Writ of mandamus or any other appropriate writ, order or direction to direct the Respondent No.1 and 2 to jointly and/or severally carry out a preliminary investigation on the basis of the Complaint dated 22^nd December 2021 (Exhibit E and F) and the Complaint d

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2025 Supreme(Online)(SEBI) 7

SECURITIES AND EXCHANGE BOARD OF INDIAPrithviraj K. Chavan, Revati Mohite Dere, JJMr. Shoaib Richie Sequeira – AppellantVersusState of Maharashtra – Respondent

Cases Referred (1)

SECURITIES AND EXCHANGE BOARD OF INDIA
Prithviraj K. Chavan, Revati Mohite Dere, JJ
Mr. Shoaib Richie Sequeira – Appellant
Versus
State of Maharashtra – Respondent