Matrix Merchandise Limited SHARDUL AMARCHAND MANGALDAS AND CO vs Securities and Exchange Board of India Advocate - Ashar — HCBM20393552025

Case under Constitution of India Section 226. Next hearing: 26th February 2026.

Next hearing 26-Feb-2026

CNR: HCBM020393552025

e-Filing Number

03-12-2025

Filing Number

WP/39354/2025

Filing Date

04-Dec-2025

Judge

Hon'ble Shri Justice R. I. Chagla , Hon'ble Justice Advait M. Sethna

Coram

Hon'ble Shri Justice R. I. Chagla , Hon'ble Justice Advait M. Sethna

Bench Type

Division

Category

MERCANTILE LAWS COMMERCIAL TRANSACTIONS , BANKS ( 28 )

Sub-Category

SEBI Matters ( 101 )

Judicial Branch

Original

Last updated 25-May-2026

Acts & Sections

Constitution of India Section 226
Securities & Exchange Board of India Act Section 15JB

Petitioner(s)

  1. 1.Matrix Merchandise Limited SHARDUL AMARCHAND MANGALDAS AND CO

  2. 2.Mahavir Finance Limited

    Adv. SHARDUL AMARCHAND MANGALDAS AND CO

  3. 3.TM Investments Limited

    Adv. SHARDUL AMARCHAND MANGALDAS AND CO

  4. 4.Sanmati Properties Limited

    Adv. SHARDUL AMARCHAND MANGALDAS AND CO

  5. 5.Vineet Jain

    Adv. SHARDUL AMARCHAND MANGALDAS AND CO

Respondent(s)

  1. 1.Securities and Exchange Board of India Advocate - Ashar

  2. 2.Bharat Nidhi Limited

  3. 3.Ashoka Marketing Limited

  4. 4.Arth Udyog Limited

Case History

  1. 26-Feb-2026

    Next hearingPending

  2. 15-Apr-2026

    Hon'ble Shri Justice R. I. Chagla,hon'ble Justice Advait M. SethnaView PDF

    Summary: The Bombay High Court granted an extension of time to the petitioners (Bharat Nidhi Limited, Ashoka Marketing Limited, and Matrix Merchandise Limited) in their writ petitions against SEBI. The petitioners, who were originally directed to complete amendments within three weeks of the March 25, 2026 order, were granted an additional two weeks from April 15, 2026 to comply with the amendment directive. This case analysis is maintained by casestatus.in based on publicly available court records.

  3. 25-Mar-2026

    Hon'ble Shri Justice R. I. Chagla,hon'ble Justice Advait M. SethnaView PDF

  4. 26-Feb-2026

    At 3.00 P.M.

    Hon'ble Shri Justice R. I. Chagla , Hon'ble Justice Advait M. Sethna

  5. 24-Feb-2026

    Hon'ble Shri Justice R. I. Chagla,hon'ble Justice Advait M. SethnaView PDF

  6. 24-Feb-2026

    At 3.00 P.M.

    Hon'ble Shri Justice R. I. Chagla , Hon'ble Justice Advait M. Sethna

  7. 18-Feb-2026

    Hon'ble Shri Justice R. I. Chagla,hon'ble Justice Advait M. SethnaView PDF

  8. 18-Feb-2026

    At 3.00 P.M.

    Hon'ble Shri Justice R. I. Chagla , Hon'ble Justice Advait M. Sethna

  9. 11-Feb-2026

    Hon'ble Shri Justice R. I. Chagla,hon'ble Justice Advait M. SethnaView PDF

  10. 11-Feb-2026

    At 1.00 P.M.

    Hon'ble Shri Justice R. I. Chagla , Hon'ble Justice Advait M. Sethna

  11. 05-Feb-2026

    Hon'ble Shri Justice R. I. Chagla,hon'ble Justice Advait M. SethnaView PDF

  12. 23-Jan-2026

    Hon'ble Shri Justice R. I. Chagla,hon'ble Justice Advait M. SethnaView PDF

  13. 14-Jan-2026

    Hon'ble Shri Justice R. I. Chagla,hon'ble Justice Advait M. SethnaView PDF

  14. 14-Jan-2026

    First hearing

    Initial hearing scheduled

  15. 10-Dec-2025

    Hon'ble Shri Justice R. I. Chagla,hon'ble Shri Justice Farhan Parvez DubashView PDF

  16. 04-Dec-2025

    Case filed

casestatus.in Summary

Summary: The Bombay High Court granted an extension of time to the petitioners (Bharat Nidhi Limited, Ashoka Marketing Limited, and Matrix Merchandise Limited) in their writ petitions against SEBI. The petitioners, who were originally directed to complete amendments within three weeks of the March 25, 2026 order, were granted an additional two weeks from April 15, 2026 to comply with the amendment directive. This case analysis is maintained by casestatus.in based on publicly available court records.

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