Bombay High Court

SUNIL DUTT SHARMAversusSECURITIES AND EXCHANGE BOARD OF INDIA

Decided: 12 June 2026
Disposal: Disposed Off
Bench: SHIVKUMAR DIGE

Holding

The court held that the applicant may withdraw the revision application upon depositing the cost imposed by the trial court.

Summary

The applicant, Sunil Dutt Sharma, filed a criminal revision application (Revn No. 228 of 2026) before the Bombay High Court challenging a decision of the trial court, along with an interim application (CRI‑Interim No. 1771 of 2026). During the hearing, counsel for the applicant sought leave to withdraw the revision and expressed readiness to deposit the Rs.2,000 cost imposed by the trial court. The court directed that the applicant may deposit the cost before the trial court. Accordingly, the court allowed the withdrawal of the revision application and disposed of both the main and interim applications. No substantive merits of the original dispute were considered, and the order reflects the court’s procedural discretion to permit withdrawal upon compliance with cost requirements.

Issues considered

Whether a criminal revision application may be withdrawn after filing
Whether payment of the cost imposed by the trial court is a condition for withdrawal

Subjects

criminal revision
withdrawal of application
cost deposition
procedural law
High Court

Judgment

                                                            74-REVN-228-2026 (CR).doc



V.A. Tikam


             IN THE JUDICATURE OF HIGH COURT AT BOMBAY
                   CRIMINAL APPELLATE JURISDICTION

             CRIMINAL REVISION APPLICATION NO. 228 OF 2026

                              Sunil Dutt Sharma
                                   VERSUS
                   Securities And Exchange Board Of India

                                 WITH
               CRI-INTERIM APPLICATION NO. 1771 OF 2026
                           IN REVN/228/2026

                          Sunil Dutt Sharma
                               VERSUS
               Securities And Exchange Board Of India
_________________________________________________________________
Ms. Meghna Talwar a/w. PrinciJaiswal a/w. Janhavi Hirlekar, for the
Applicant.
Mr. S.M. Mangaonkar, APP for Respondent-State.
Mr. Omprakash Jha i/by The Law Point for Respondent.
_________________________________________________________________
                                 CORAM           : SHIVKUMAR DIGE, J.
                                 DATE            : 12th JUNE 2026

P.C. :

1.           Heard learned counsel for the Applicant, learned counsel for the

Respondent and learned APP for the State.

2.           Learned counsel for the Applicant, on instructions, seeks leave

to withdraw this application. Learned counsel for the applicant submits

that applicant is ready to deposit Rs.2,000/- cost as imposed by the trial

Court before the trial Court.

3.           Applicant is permitted to deposit the amount before the trial


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                                                          74-REVN-228-2026 (CR).doc



V.A. Tikam


Court.

4.           In view of this, application is allowed to be withdrawn and

disposed of accordingly. Interim application filed therein is also disposed

of accordingly.



                                               (SHIVKUMAR DIGE, J.)




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