Kaiki P Siganporia v. The State Of Maharashtra And ORS

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

CRIMINAL APPELLATE JURISDICTION CRIMINAL WRIT PETITION NO.1326 OF 2025 Kaiki P. Siganporia ] R/o. Cuffe Parade, Mumbai ] .. Petitioner

Versus

1. The State of Maharashtra, Through Cuffe Parade Police Station, Mumbai ]

2. Central Bureau of Investigation (CBI), Mumbai ]

3. Enforcement Directorate (ED), Mumbai ]

4. Securities and Exchange Board of India, ] (SEBI), Mumbai ]

5. SFIO Regional Office, Mumbai ] .. Respondents ALONG WITH INTERIM APPLICATION NO.13992 OF 2025 INTERIM APPLICATION NO.13989 OF 2025 INTERIM APPLICATION NO.13994 OF 2025 INTERIM APPLICATION NO.9486 OF 2025 INTERIM APPLICATION NO.8691 OF 2025 INTERIM APPLICATION NO.9088 OF 2025 INTERIM APPLICATION NO.9090 OF 2025 Manoj Arvind Shah .. Applicant-Intervener Deshik Raghunath Char .. Applicant-Intervener Rozzano Luxury Fashion Pvt. Ltd.

.. Applicant-Intervener Ayan Chatterjee and Ors.

.. Applicants-Interveners Sousthav Chakrabarty .. Applicant-Intervener Mitcon Credentia Trusteeship Services Ltd.. Applicant-Intervener Vaishali Urkude .. Applicant-Intervener 1/3

Mr. Deepesh Shahani, Advocate for the Petitioner. Ms. Deepali Thakre with Mr. Prakash Shah, Advocate for the Applicant in IA(ST)/9486/2025.

Mr. Aabad Ponda, Senior Advocate, with Mr. Chittesh Dalmia, Advocates for the Applicant in IA/9090/2025 and IA/9088/2025. Mrs. Mankunwar M. Deshmukh, In-Charge Public Prosecutor with Mr. S.V. Gavand, Additional Public Prosecutor for Respondent No.1.

Mr. Amit Munde, Special Public Prosecutor with Adv. Jai Vohra, Advocate for Respondent No.2-CBI.

Ms. Neha Bhide, Advocate for Respondent No.3-ED. Mr. Omprakash Jha, Advocate, i/by The Law Point, for Respondent No.4.

Mr. D.P. Singh, Advocate for Respondent No.5. CORAM : SHREE CHANDRASHEKHAR, CJ. & GAUTAM A. ANKHAD, J.

DATE : 25TH FEBRUARY 2026.

P.C. :

The petitioner who is a victim and complainant is seeking the following directions to the respondents:

"A. To direct the respondents to jointly and/or severally carry out an investigation and forthwith register the said complaint dated 25th February 2025 in the form of F.I.R. or otherwise and submit a report to this Hon'ble Court within the period as this Hon'ble Court may deem fit and proper;

B. To direct respondent no.2 to take over the investigation of the complaints from the respondent nos.1, 3, 4 and 5 herein for conducting a fair, independent and comprehensive investigation considering the complexity of the large-scale public fraud and cheating of investors (largely Indians), who are spread across multiple jurisdictions;

C. For costs."

2.

Mr. Deepesh Shahani, the learned counsel for the petitioner states that he has instructions to make the submissions in the Court that the petitioner is not pressing the prayer at "B". 3.

As to prayer for registering a First Information Report on the basis of the complaint dated 25th February 2025, Mr. S.V. Gavand, 2/3

the learned Additional Public Prosecutor states that the First Information Report vide C.R. no.62 of 2025 has been registered with the Cuffe Parade Police Station, Mumbai and the Enforcement Directorate has also registered ECIR bearing no.ECIR/MBZO-1/35/2025 on 26th June 2025.

4.

In view thereof, this writ petition has been worked out. However, we may observe that we have not examined the merits of the allegations made by the complainant and this writ petition is disposed of only for the reason that a First Information Report and an ECIR have been registered.

5.

Writ Petition no.1326 of 2025 is disposed of as infructuous. Interim Application nos.8691 of 2025, 9088 of 2025, 9090 of 2025, 9486 of 2025, 13992 of 2025, 13994 of 2025 and 13989 of 2025 also do not survive and are disposed of accordingly. [ GAUTAM A. ANKHAD, J. ] [ CHIEF JUSTICE ] Digitally signed by SNEHA ABHAY DIXIT Date:

2026.03.05 16:07:58 +0530 3/3 SNEHA ABHAY DIXIT