GEETA KHATTAR v. UNION OF INDIA THROUGH ITS M OF FINANCE AND 27 OTHERS
WRIC/7721/2025 · 2025-03-17
Ashwani Kumar Mishra, Donadi Ramesh
body2025
DailyLaw.ai
[ 2025 DAILYLAW 30705 (ALL) · dailylaw.ai ]
DailyLaw.ai
[ 2025 DAILYLAW 30705 (ALL) · dailylaw.ai ]
Judgment text
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Neutral Citation No. - 2025:AHC:38647-DB Court No. - 29 Case :- WRIT - C No. - 7721 of 2025 Petitioner :- Geeta Khattar Respondent :- Union Of India Through Its M Of Finance And 27 Others Counsel for Petitioner :- Sandeep Pandey Counsel for Respondent :- A.S.G.I. Hon'ble Ashwani Kumar Mishra,J. Hon'ble Donadi Ramesh,J.
1. Heard counsel for the petitioner, Shri Manoj Kumar Singh, counsel for respondent no.1 and Shri Nikhil Mishra, counsel for respondent no.3. 2. This petition has been filed seeking following reliefs:-
"1. Issue a writ order or direction in the nature of mandamus directing/commanding the respondents to pay a minimum amount of Rs. two crores fourteen lakhs fifty thousand (Rs. 2,14,50,000/=) with interest as per the law to the Petitioner. (The said amount was claimed by the petitioner from the respondents under applications i.e. 130000 X 165/=). 2. Issue a writ order or direction in the nature of mandamus declaring that all the Respondents are involved in Fraudulent and Unfair Trade Practices. 3. Issue a writ order or direction in the nature of mandamus and terminate the individual Respondents from service immediately, send the individual Respondents to Jail (imprisonment) for a maximum period & also debar the individual Respondents from the Securities market for a maximum period. (The individual Respondents no. are hereafter: 2, 4, 5, 7, 9, 10, 12, 14, 15, 18 to 26, & 28). 4. Issue a writ order or direction in the nature of mandamus directing/commanding the respondents SHCIL Services & Stock Holding Corp. of India to pay the amount of Rs. twenty-five (25) crore penalty to the Govt. of India (G.O.Ι.) against intentional Fraudulent and Unfair Trade Practices done by said Respondents. 5. Issue a writ order or direction in the nature of mandamus and directing/commanding the Fair Market Committee which is in the SEBI or a committee i.e. formed against the Order issued by the Hon'ble Supreme Court of India that (Committee) has experts appointed/taken from the Indian Online Financial Market, to go through this case and submit a copy of the official report on the whole matter within thirty (30) days, accordingly, further action can be taken by the Hon'ble Court. 6.
6. Issue a writ order or direction in the nature of mandamus directing the respondents to issue an apology letter & upload it to SEBI, NSE, BSE (Exchanges), CDSL, NSDL, websites & also circulate an apology letter through the Press Release of said entities. - Prayers no. 1 to 6 are made in the light of S.E.B.I. Act, 1992, under S.E.B.I. Stockbrokers Regulations, 1992, under S.E.B.I. Depositories Act 1996, S.E.B.I. (Intermediaries) Regulations, 2008, S.E.B.I. Depositories and Participants Regulations, 2018 & (aforesaid prayers are also made) under S.E.B.I. (Prohibition of Fraudulent and Unfair Trade Practices relating to the Securities Market) Regulations, 2003 & other Securities laws, Orders, directions passed by the Parliament of India, & relevant authorities, etc. provided in the Writ Petition."
3. We find the petition to be utterly misconceived, inasmuch as for any grievance against the concerned company, the petitioner has remedy of approaching the competent forum in respect of the grievance raised herein. Multiple grievances have been clubbed together and various factual allegations are made, which would otherwise require examination by the competent forum, at the first instance. The manner in which the petition has been filed for the reliefs prayed it cannot be countenanced. We are otherwise informed that the complaint made by the petitioner for providing various information has already been disposed of. 4. In that view of the matter, leaving it open for the petitioner to approach the competent forum in respect of the grievance raised, this petition is consigned to records. Order Date :- 18.3.2025 Ashok Kr. Digitally signed by :- ASHOK KUMAR High Court of Judicature at Allahabad