SEBI Court Grants Travel Permission to Stockbroker Ketan Parekh After ₹27-Crore Deposit
The Special SEBI Court has allowed stockbroker Ketan Parekh to travel to Thailand and the UAE for a vacation and wedding after he deposited ₹27 crore as security. Parekh, who was found to have wrongfully gained ₹65.77 crore, has already repaid ₹38.70 crore.
SebiKetan ParekhTravel PermissionSecurity DepositFinancial RegulationsReal Estate MumbaiNov 05, 2025
Parekh has a history of travel permissions. He was previously allowed to travel from December 2014 to March 2025 and from January 2021 to June 2023. He was found to have wrongfully gained ₹65.77 crore and has already repaid ₹38.70 crore. His defense argued for travel permission, citing joint liability and prior court approvals.
The court granted Parekh's request, contingent on the deposit of ₹27 crore or equivalent security with SEBI, despite objections from SEBI counsel. This decision marks a significant step in Parekh's efforts to resume his personal and professional activities while adhering to the legal framework set by SEBI.
Ketan Parekh is a well-known stockbroker in India, known for his high-profile cases and significant financial transactions. The Special SEBI Court's decision reflects a balanced approach to justice, ensuring that Parekh's legal obligations are met while also allowing him to attend important personal events.
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Frequently Asked Questions
Why did Ketan Parekh need to deposit ₹27 crore?
Ketan Parekh needed to deposit ₹27 crore as security with SEBI to gain permission for his travel to Thailand and the UAE. This deposit was a condition set by the Special SEBI Court to ensure that Parekh complies with the legal requirements and obligations.
What were the previous travel permissions granted to Ketan Parekh?
Ketan Parekh was previously allowed to travel from December 2014 to March 2025 and from January 2021 to June 2023. These permissions were granted based on his legal compliance and the court's assessment of his case.
How much has Ketan Parekh repaid so far?
Ketan Parekh has repaid ₹38.70 crore out of the ₹65.77 crore that he was found to have wrongfully gained. This partial repayment is part of his ongoing efforts to rectify the financial irregularities.
What is the Special SEBI Court's role in this case?
The Special SEBI Court is responsible for adjudicating cases related to financial and securities regulations. In this case, the court assessed Parekh's request for travel permission and set conditions, including the security deposit, to ensure that he adheres to the legal framework.
Why was Ketan Parekh's earlier plea for travel permission rejected?
Ketan Parekh's earlier plea for travel permission was rejected by the Special SEBI Court due to SEBI rule violations. The court found that Parekh had not met the necessary legal requirements and conditions at that time.
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