SECURITIES AND EXCHANGE BOARD OF INDIA vs SHESHRAO PANDHARINATH SANGLE — Crl.A. No. 2711 - 2714/2026

Case under 1511Misc-criminal Law : Criminal Matters Other Than Covered by the Aforesaid Categories(slps Arising Out of Quashing Applications, Orders Framing Charge, Summoning Orders, Interim Orders in Criminal Matters, Withdrawal of Prosecution, Orders for Further Investigation/re-investigation Etc. Section II-A. Status: Disposed.

Disposed

CNR: SCIN010178762026

Filing Date

23-Mar-2026

Registration No

Crl.A. No. 2711 - 2714/2026

Diary Number

17876/2026

Order Date

15-May-2026

Document Type

ROP - of Main Case

Disposal Type

Disposed Off

Last updated 19-Jun-2026

Acts & Sections

1511MISC-Criminal Law : Criminal matters other than covered by the aforesaid categories(SLPs arising out of quashing applications, orders framing charge, summoning orders, interim orders in criminal matters, withdrawal of prosecution, orders for further investigation/re-investigation etc. Section II-A

Petitioner(s)

  1. 1.SECURITIES AND EXCHANGE BOARD OF INDIA

    Adv. EXPLETUS LEGAL

Respondent(s)

  1. 1.SHESHRAO PANDHARINATH SANGLE

    Adv. SANJEEV MALHOTRA[R-1] SANJEEV MALHOTRA[R-2] T. R. B. SIVAKUMAR[R-3] T. R. B. SIVAKUMAR[R-4] AADITYA ANIRUDDHA PANDE[R-6]

Case History

  1. Case disposedDisposed

  2. 15-May-2026

    ROP - of Main CaseView PDF

  3. 15-May-2026

    Fixed Date by Court

    Hon'ble Mr. Justice Pamidighantam Sri Narasimha and Hon'ble Mr. Justice Alok Aradhe

  4. 01-Apr-2026

    ROP - of Main CaseView PDF

  5. 01-Apr-2026

    First hearing

    Initial hearing scheduled

  6. 23-Mar-2026

    Case filed

    Registration No. Crl.A. No. 2711 - 2714/2026

View Full Judgment
casestatus.in Summary

Case Summary: SEBI v. Sheshrao Pandharinath Sangle Outcome: The Supreme Court quashed the Bombay High Court's order imposing ₹20 lakhs in costs on SEBI, finding the High Court's approach hyper-technical. The Court held that procedural requirements should advance justice, not defeat it, and that penalizing SEBI merely for filing documents separately rather than annexed to appeal memoranda was unwarranted. Next Steps: SEBI must file amendment applications with necessary documents within two weeks. The High Court's next hearing is scheduled for 15.06.2026, with the Supreme Court requesting disposal of appeals within three months. This case analysis is maintained by casestatus.in based on publicly available court records.

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