Archive · 1 Oct 2025
Court Rejects Ketan Parekh's Plea for Extended Foreign Travel
Ketan Parekh, known for a past stock market scam, asked a court if he could travel abroad for four months.
The court said no, worried that he might do something illegal during his travels.
The court agreed with SEBI, the financial regulator, which was also concerned.
Parekh had been allowed to travel before, but this time, the court decided it wasn't a good idea to let him go for so long, especially since his trial is starting soon.
Ketan Parekh, involved in the 2000-2001 securities scam, sought permission for four-month international travel.
The special court in Mumbai rejected his application.
The court cited a possibility of Parekh engaging in unlawful activity if granted permission.
SEBI opposed the plea, expressing concerns that the travel could be used to disguise illegal activities.
Parekh had previously been granted travel permissions by courts.
- Who
- Ketan Parekh
- What
- The court denied Parekh's request to travel abroad for four months.
- When
- Tuesday
- Where
- Mumbai
- Why
- The court cited concerns about potential illegal activities and SEBI's apprehension.
Ketan Parekh's Argument
Court's and SEBI's Concerns
Right to Travel
Ketan Parekh's Argument
Parekh argued that the right to travel abroad is a basic human right.
Court's and SEBI's Concerns
The court and SEBI were concerned that extended travel could facilitate illegal activities.
- Applicant
- Ketan Parekh
- Request
- Blanket permission for 4-month foreign travel
- Court
- Special Court, Mumbai
- Reason for Denial
- Potential for unlawful activity
- SEBI's Concern
- Apprehension of ongoing illegal activity