# In the matter of Securities and Exchange Board of India Vs. Rohit Sehgal & Ors. Civil Appeal Diary No(s). 19613-2019

> SC judgment dated 2019-06-12. Citation: TCN-2019-SC-00063. The Securities and Exchange Board of India (SEBI) filed a civil appeal against Rohit Sehgal & Ors.…

- **Court:** SC
- **Order date:** 12 Jun 2019
- **Citation:** TCN-2019-SC-00063
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/supreme-court-of-india/securities-and-exchange-board-of-india-vs-rohit-sehgal-ors-civil-appeal-diary-no-ffbf7ab5

## Summary

### Background

The Securities and Exchange Board of India (SEBI) filed a civil appeal against Rohit Sehgal & Ors. The appeal includes applications for ex-parte stay, exemption from filing a certified copy of the impugned judgment, and permission to file an appeal. The matter was listed for hearing on 2019-06-12.

## Facts

The Securities and Exchange Board of India (SEBI) has filed a civil appeal against Rohit Sehgal & Ors. The appeal includes applications for ex-parte stay (IA No. 88291/2019), exemption from filing a certified copy of the impugned judgment (IA No. 88292/2019), and permission to file an appeal (IA No. 88293/2019). The case is linked to SLP(C) No. 13678/2019, which involves admission, interim relief, exemption from filing the impugned judgment copy (IA No.88271/2019), and permission to file additional documents (IA No.88270/2019). The court granted permission to file the appeal, allowed exemption from filing the certified copy of the impugned order, and granted permission to file additional documents. Notice was issued to respondent No. 1, and status quo was ordered

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## Issues and analysis

### Issue 1: Whether the Securities and Exchange Board of India …

**Ratio:** The court has the discretion to grant permission to file an appeal based on the merits of

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**Reasoning:** The court considered the submissions made by the counsel and found sufficient grounds to

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**Interpretation:** The court interprets the procedural rules to allow the appeal to proceed,

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**Application:** The court applied its discretion to allow SEBI to file the appeal, enabling the

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## Parties

- **Judges:** INDIRA BA…; Ajay Ra…
- **Appellants:** Securities and…
- **Respondents:** Rohit S…

## Timeline

- **2019-06-12 — Hearing…**: The matters were called…
- **2019-06-17 — Returnabl…**: The matter is…

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