Manish has been the head of the Securities & Regulatory Practice at TLP since 2021. He brings a wide spectrum of experience in both contentious and non-contentious Securities Law matters.
Over the years, he has represented and advised some of the key players of the Securities Market viz. regulators such as SEBI, BSE and MCX, CDSL, listed companies, KMPs, private equity funds, financial institutions, stock brokers, mutual funds and High Networth Individuals pertaining to Listing Regulations, Insider Trading, Takeover Regulations and Fraudulent Practices in the Securities Market.
Indicative Matters
Enforcement Proceedings before SEBI (Section 11B proceedings / Adjudication Proceedings):
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Global Private Equity Fund: Successfully defended a Global private equity fund whereby the client was given complete exoneration from charges pertaining to Minimum Public Shareholding Norms.
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Private Sector Banks: Represented some of the largest private sector banks and their promoters in Section 11B and Adjudication Proceedings. ​
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Listed Print-Media Company: Represented a listed print-media company in relation to Adjudication Proceedings pertaining to Insider Trading Regulations.
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Appellate Proceedings before SAT:
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SEBI: Representing the regulator before SAT in multiple complex litigious issues arising out of Listing Regulations, Insider Trading, Takeover Regulations and Fraudulent Practices in the Securities Market.
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Leading Financial Institutions and Companies: Represented ICAP Limited, JM Financial Asset Reconstruction Company Limited, IndusInd Bank Limited, BSE , IIFL Insurance Brokers Limited, Future Generali India Life Insurance Company Limited etc. before SAT.
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Major Financial Group: Represented a major financial group before the SAT in a dispute where a major investor challenged the proposed sale, alleging violations of RPT contracts and the takeover code.
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Leading Private Company: Represented a leading private limited company before SAT, defending against SEBI's claim that the company violated the takeover code by acquiring indirect control over a news media company through an interest-free loan to its promoters.
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Settlement Proceedings before SEBI:
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Mutual Fund Company: Represented a large Mutual Fund and its trustee company in settlement proceedings before SEBI.
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Global Electronics Manufacturing Giant: Represented a global electronics manufacturing giant in a settlement proceeding for listing violations of its Indian subsidiaries.
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Major Electronics Manufacturer: Represented a major electronics manufacturer in settlement proceedings before SEBI for takeover code violations during the acquisition.
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Investigations:
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Leading Engineering Company: Advised a leading fluid management company in SEBI investigations regarding alleged insider trading and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR regulation) violations by its promoters.
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Leading Global Financial Group: Advised a leading global financial group regarding the SEBI proceedings initiated against its JV partner.
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Major Global Pharmaceutical Group: Represented a leading global pharmaceutical group in a preliminary investigation into the alleged account manipulation by the company, initiated based on a whistle-blower complaint.
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Leading Bank: Advised a leading bank in a preliminary SEBI investigation and conducted an internal inquiry into certain employees allegedly violating insider trading regulations.
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Prominent Indian Asset Manager: Advised one of the major asset managers in India in its acquisition.