Bombay High Court

SANJAY CHANDRAKANT MARADIAversusSECURITIES AND EXCHANGE BOARD OF INDIA AND ANR

Decided: 18 August 2026
Disposal: Disposed Off

Holding

The Court held that a petitioner may be permitted to withdraw a criminal writ petition, and therefore dismissed the petition.

Summary

The petitioner, Sanjay Chandrakant Maradia, filed a criminal writ petition before the Bombay High Court challenging actions of the Securities and Exchange Board of India and the State. Subsequently, the petitioner’s counsel, Ms. Pooja Pandey, applied for leave to withdraw the petition. The Court examined the application to determine whether withdrawal was permissible under procedural law. Finding no impediment or prejudice to any party, the Court allowed the withdrawal. Consequently, the writ petition was dismissed without any adjudication on its merits.

Issues considered

Whether the petitioner is entitled to withdraw a criminal writ petition pending before the High Court

Subjects

withdrawal of writ
criminal appellate jurisdiction
SEBI
Bombay High Court

Judgment

                                                                     901-WP-6227-2024.DOC




                              IN THE HIGH COURT OF JUDICATURE AT BOMBAY
                                    CRIMINAL APPELLATE JURISDICTION
                                CRIMINAL WRIT PETITION NO.6227 OF 2024


                    Sanjay Chandrakant Maradia                          …Petitioner
                          Versus
                    Securities & Exchange Board of India & Anr.         …Respondents


                    Ms. Pooja Pandey i/b. Mr. Anand Pande, for the Petitioner.
                    Ms. Preksha Jain h/f. Ms. Anubha Rastogi, for Respondent No.2-
                    SEBI.
                    Mrs. Savita M. Yadav, APP, for Respondent No.2-State.



                                          CORAM:      MADHAV J. JAMDAR, J.
                                          DATED :     18th AUGUST 2026
                    PC:-


                    1.       Ms. Pooja Pandey, learned Counsel appearing for the

                    Petitioner seeks leave to withdraw the Writ Petition.



                    2.       Accordingly, the Writ Petition is allowed to be withdrawn

                    and dismissed as such.




                                                              [MADHAV J. JAMDAR, J.]
       Digitally
       signed by
       SONALI
SONALI MILIND
MILIND PATIL
PATIL Date:
       2026.08.19
       11:22:09
       +0530




                                                    Page 1
                    Sonali

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