THOMAS KANNAMANGALATH DEVASIA v. SECURITIES AND EXCHANGE BOARD OF INDIA
RP/335/2026 · 2026-07-20
Suraj Govindaraj
Review Petitionbody2026
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[ 2026 DAILYLAW 29557 (KAR) · dailylaw.ai ]
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[ 2026 DAILYLAW 29557 (KAR) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
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HC-KAR
CNR: KAHC010418482026 NC: 2026:KHC:37170 RP No. 335 of 2026
IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 20TH DAY OF JULY, 2026 BEFORE THE HON'BLE MR. JUSTICE SURAJ GOVINDARAJ REVIEW PETITION NO. 335 OF 2026 BETWEEN:
THOMAS KANNAMANGALATH DEVASIA S/O K.M. DEVASIA AGED ABOUT 56 YEARS RESIDING AT A-3, SAVITHA APARTMENT NARAYANAPPA GARDEN DINNUR MAIN ROAD, R.T.NAGAR BENGALURU - 560032. …PETITIONER (BY SRI THOMAS KANNAMANGALATH DEVASIA., PARTY-IN-PERSON) AND:
1.
SECURITIES AND EXCHANGE BOARD OF INDIA THROUGH ITS CHAIRMAN SEBI BHAVAN, PLOT NO.C4-A G BLOCK, BANDRA KURLA COMPLEX MUMBAI 400051.
2.
MINISTRY OF CORPORATE AFFAIRS THROUGH ITS SECRETARY SHASTRI BHAVAN NEW DELHI-110001.
3.
REGISTRAR OF COMPANIES MAHARASHTRA, EVEREST BUILDING, 100 MARINE DRIVE, MUMBAI 400002.
4.
M/S. CEMINDIA PROJECTS LIMITED (FORMERLY ITD CEMENTATION INDIA LIMITED) A COMPANY INCORPORATED UNDER THE PROVISIONS OF THE COMPANIES ACT, 1956
Digitally signed by SHWETHA RAGHAVENDRA Location: HIGH COURT OF KARNATAKA
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HC-KAR
CNR: KAHC010418482026 NC: 2026:KHC:37170 RP No. 335 of 2026
CIN:L61000MH1978PLC020435 HAVING ITS REGISTERED OFFICE AT 9TH FLOOR, TOWER-B, PRIMA BAY SAKI VIHAR ROAD, POWAI MUMBAI – 400072, REPRESENTED BY ITS MANAGING DIRECTOR. …RESPONDENTS (BY SRI NITHIN PRASAD, ADVOCATE FOR R1;
SRI ARVIND KAMATH, AGA FOR SRI ADITHYA SINGH, ADVOCATE FOR R2 & R3;
NOTICE TO R4 IS DISPENSED WITH V/O DTD. 20.07.26)
THIS REVIEW PETITION IS FILED UNDER SECTION.114 R/W
ORDER XLVII RULE 1 OF CPC 1908, PRAYING TO REVIEW THE
ORDER DATED 04.06.2026 PASSED IN WP NO.13219/2026(GM-RES) - ANNEXURE -A-1, IN EXERCISE OF POWERS UNDER SEC.114 R/W
ORDER XLVII RULE 1 OF THE CODE OF CIVIL PROCEDURE, 1908, AND PASS SUCH FURTHER ORDER(S) AS THIS HON’BLE COURT MAY DEEM FIT IN THE INTERESTS OF JUSTICE AND EQUITY.
THIS PETITION, COMING ON FOR ADMISSION, THIS DAY,
ORDER WAS MADE THEREIN AS UNDER:
CORAM: HON'BLE MR. JUSTICE SURAJ GOVINDARAJ
ORAL ORDER
1. Sri Adhithya Singh, learned counsel is directed to accept notice for respondent Nos.2 and 3. Sri Nitin Prasad,
learned counsel for respondent No.1 and notice to respondent No.4 is dispensed with.
2. The Petitioner is before this Court seeking the following reliefs:
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HC-KAR
CNR: KAHC010418482026 NC: 2026:KHC:37170 RP No. 335 of 2026
WHEREFORE, the Review Petitioner respectfully prays that this Hon'ble Court be pleased to review the order dated 04.06.2026 passed in W.P. No.13219/2026 (GM-RES)-Annexure-A-1, in exercise of powers under Section 114 read with Order XLVII Rule 1 of the Code of Civil Procedure, 1908, and pass such further
order(s) as this Hon'ble Court may deem fit in the interests of justice and equity.
3. This Court had disposed of W.P.No.13219/2026 vide
order dated 04.06.2026 by holding that this Court does not have jurisdiction since the direction being sought for against respondent No.1-SEBI, who is located in Mumbai. The allegations which had been made out are more in the nature of a public interest litigation rather than private lis, the only private lis which is raised was as regards the termination service of the petitioner, as regards which the petitioner has an alternative remedy.
4. Though the petitioner-Party-in-Person has today filed a note having nine (9) pages of submissions, the fact remains that none of these were argued during the time when the matter was taken up.
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HC-KAR
CNR: KAHC010418482026 NC: 2026:KHC:37170 RP No. 335 of 2026
5. The contention of the petitioner-Party-in-Person is that his earlier lawyer did not argue the matter, cannot be a ground for expanding the scope of review jurisdiction.
6. Be that as it may, the reasoning as regards jurisdiction, public interest litigation and private lis, as aforesaid, remains the very same, irrespective of the submission now made by referring to various judgments. There is no error apparent on the face of the record in the order under review. No grounds being made out, the petition stands dismissed.
Sd/- (SURAJ GOVINDARAJ) JUDGE
KTY List No.: 2 Sl No.: 2