Archive · 19 Nov 2025
Bombay High Court Modifies Sebi's Condition for Ketan Parekh's Foreign Travel
Ketan Parekh, a former stockbroker, wanted to travel abroad for family events.
Sebi asked him to deposit Rs 27 crore as a condition.
The Bombay High Court thought this was too much and changed the condition to Rs 5 lakh.
Parekh has been allowed to travel, but he must follow other rules set by the court.
Bombay High Court set aside Sebi's condition for Ketan Parekh to deposit Rs 27 crore for foreign travel
Court directed Parekh to deposit Rs 5 lakh as security deposit instead
Parekh sought permission to travel to Thailand and UAE for family events
Sebi argued Parekh could indulge in unlawful activity abroad, but court found no evidence of flight risk
Court stated that the right to travel abroad cannot be subjected to unreasonable restrictions
- Who
- Ketan Parekh
- What
- Sought permission to travel abroad
- When
- November 2022
- Where
- Bombay High Court
- Why
- To attend family events in Thailand and UAE
Ketan Parekh's Counsel
Sebi's Counsel
Flight Risk
Ketan Parekh's Counsel
Parekh not a flight risk, has returned as per conditions in past
Sebi's Counsel
Parekh indulged in manipulative trade while on bail, could engage in unlawful activity abroad
- Previous Condition
- Rs 27 crore deposit with Sebi
- New Condition
- Rs 5 lakh security deposit
- Parekh's Travel Plans
- Thailand (Nov 5-9) and UAE (Nov 18-28)
- Parekh's Criminal Charges
- Alleged role in 2000-01 securities fraud case
