Bar Council Of Maharashtra And Goa v. Vishal Prakash Kumbhar

138-IA-229-2026-APEAL-82-2026 (CR).doc Shubhada S Kadam IN THE HIGH COURT OF JUDICATURE AT BOMBAY CRIMINAL APPELLATE JURISDICTION INTERIM APPLICATION NO. 229 OF 2026 along with CRIMINAL APPEAL NO. 82 OF 2026 Prem Mohanlal Parikh

Versus

The State of Maharashtra and anr.

_________________________________________________________________ Mr. Manish Bohra, Advocate for the Applicant. Mr. B.B. Kulkarni, APP for Respondent-State. Mr. Chetan Mali, Advocate for Respondent No.2-SEBI. _________________________________________________________________

CORAM

: SHIVKUMAR DIGE, J.

DATE : 29th JANUARY, 2026.

P.C. :

1.

By this application, the applicant is seeking suspension of sentence and bail during the pendency of appeal filed by the applicant. 2.

It is contention of learned counsel for the applicant that the applicant has been convicted for the offence punishable under Section 24(2) of the Securities Exchange Board of India, 1992 and sentenced to suffer simple imprisonment for one month with fine of Rs.2,00,000/-, in default, to undergo simple imprisonment for one month. SHUBHADA SHANKAR KADAM 3.

Heard learned counsel for the applicant, learned APP for respondent No.1-State and learned counsel for respondent No.2-SEBI. SHUBHADA SHANKAR KADAM Date: 2026.01.30 18:32:10 +0530

138-IA-229-2026-APEAL-82-2026 (CR).doc Shubhada S Kadam 4.

Learned counsel for the applicant seeks leave to deposit Rs.1,00,000/- before this Court, out of the fine amount of Rs.2,00,000/-. Leave granted.

5.

Stand over to 9th February 2026.

6.

Interim relief, granted by the Trial Court, to continue till the next date of hearing.

(SHIVKUMAR DIGE, J.)