Delhi High Court Grants Leave to SEBI to Appeal Against Acquittal, Rejects Limitation Objection

Case Snapshot

Case Name: Securities and Exchange Board of India v. Devendra Singh Chandel

Citation / Neutral Citation: 2026:DHC:7377 / CNR No. DLHC011079182025

High Court: High Court of Delhi

Bench: Hon'ble Ms. Justice Chandrasekharan Sudha

Date of Judgment: 2nd September, 2026

Area of Law: Criminal Law, Securities Law, Appeal Against Acquittal, Limitation Act, BNSS

Judgment Headline

SEBI granted leave to appeal against acquittal; petition held within limitation after excluding time for certified copy.

The Judgment in One Line

Delhi High Court grants leave to SEBI to appeal against acquittal, rejecting limitation objection and holding material requires deeper scrutiny.

Why This Judgment Matters

This judgment clarifies the threshold for granting leave to appeal against acquittal under Section 419 BNSS. It establishes that courts must grant leave where arguable points are raised and material on record discloses a need for deeper scrutiny—even if the acquittal is not demonstrably perverse. The ruling also clarifies the computat

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