Securities Litigation & Enforcement
A market-leading securities litigation and enforcement practice acting for regulators, exchanges and listed companies.
TLP has a market-leading securities litigation and enforcement practice. Our team of seasoned attorneys provides strategic counsel on complex financial and securities laws, regulatory compliance, corporate governance, and transaction structuring.
The firm's record includes several landmark victories in securities and regulatory disputes. Clients frequently engage our lawyers before the Supreme Court of India, the Bombay High Court, the Securities Appellate Tribunal (SAT), the National Company Law Tribunal (NCLT) and the National Company Law Appellate Tribunal (NCLAT).
TLP constantly engages with policymakers and regulators such as SEBI, MCX, the Bombay Stock Exchange and NCDEX, addressing a wide range of issues and closely monitoring the latest developments in the field.
Representative work from the practice.
- 01
SEBI — represented the regulator before SAT in the NSE co-location and dark fibre matter; SAT upheld the majority of findings against NSE, its KMPs and trading members.
- 02
SEBI — defended the regulator before SAT in the Eros Group appeals against ad-interim ex-parte and confirmatory orders involving large-scale fund siphoning.
- 03
BSE — represented the exchange before SAT in appeals covering compulsory delisting, SOP fines, non-payment of listing fees, action against stockbrokers and surveillance-driven trading restrictions.
- 04
SEBI — acted in appeals by Karvy Stock Broking against orders finding misappropriation of clients' securities, and in related appeals by its banking-sector lenders.
- 05
SEBI — represented the regulator before SAT and the Supreme Court in enforcement actions against DLF and connected entities for non-disclosures and misstatements in its 2007 IPO.
- 06
SEBI — acted in the Pancard Clubs matter involving recovery of over INR 7,500 crores from investors, and now represents SEBI's recovery officer in ongoing challenges.
- 07
SEBI — represented the regulator before SAT in appeals by the KMPs of the erstwhile Satyam Computer Services on insider trading and misstatement.
- 08
SEBI — acted in front-running cases based on advance confidential information shared with individual investors and fund houses.
- 09
BSE — represented the exchange before the Bombay High Court in Writ Petitions arising out of the Anugrah Stock Broking default.