AHILYA SHARMA AND OTHERS YOUNUS SULTAN vs THE SECURITIES AND EXCHANGE BOARD OF INDIA — CRR/2045/2026

Case under Code of Criminal Procedure Section 397/401/482. Disposed: Contested--DISPOSED on 21st May 2026.

CNR: WBCHCA0218942026

CASE DISPOSED

Next Hearing

18th May 2026

Filing Number

CRR/2031/2026

Filing Date

14-05-2026

Registration No

CRR/2045/2026

Registration Date

14-05-2026

Judge

HON'BLE JUSTICE KAUSIK CHANDA

Coram

HON'BLE JUSTICE KAUSIK CHANDA

Bench Type

Single Bench

Category

GROUP C (CRIMINAL MATTERS) ( 3 )

Sub-Category

Exercise of inherent power u/s 482 Cr. P. C. ( 40 )

Judicial Branch

CRIMINAL SECTION

Decision Date

21st May 2026

Nature of Disposal

Contested--DISPOSED

Acts & Sections

Code of Criminal Procedure Section 397/401/482
The Bharatiya Nagarik Suraksha Sanhita, 2023 Section 438/442/528
Security and Exchange Board of India Act ,1992 Section 24(1)/27

Petitioner(s)

AHILYA SHARMA AND OTHERS YOUNUS SULTAN

SHASHI REKHA KUMARI

SHASHI KANT SHARMA

Respondent(s)

THE SECURITIES AND EXCHANGE BOARD OF INDIA

Hearing History

Judge: HON'BLE JUSTICE KAUSIK CHANDA

18-05-2026

NEW MOTION

19-05-2026

NEW MOTION

Orders

21-05-2026
HON'BLE JUSTICE KAUSIK CHANDA

Summary of CRR 2045/2026 The High Court allowed the petitioners' application under Section 205 CrPC for dispensation of personal appearance in a SEBI complaint case, reversing the Special Judge's rejection which was unduly influenced by the petitioners' advocate's misconduct (falsely claiming unavailability due to voting). The Court found sufficient grounds for non-appearance during quashing proceedings and merit in dispensation, particularly given the petitioners' Patna residence and inclusion of two women, conditioned on Rs. 15,000 payment to the High Court Legal Services Committee. This case analysis is maintained by casestatus.in based on publicly available court records.

casestatus.in Summary

Summary of CRR 2045/2026 The High Court allowed the petitioners' application under Section 205 CrPC for dispensation of personal appearance in a SEBI complaint case, reversing the Special Judge's rejection which was unduly influenced by the petitioners' advocate's misconduct (falsely claiming unavailability due to voting). The Court found sufficient grounds for non-appearance during quashing proceedings and merit in dispensation, particularly given the petitioners' Patna residence and inclusion of two women, conditioned on Rs. 15,000 payment to the High Court Legal Services Committee. This case analysis is maintained by casestatus.in based on publicly available court records.

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