Overview
- The Mumbai special court permitted limited overseas travel on the condition that Parekh deposits Rs 27.06 crore with SEBI or furnishes equivalent security.
- The amount represents the unpaid portion of Rs 65.77 crore that a SEBI Whole Time Member ordered impounded, after about Rs 38–38.7 crore was already deposited.
- SEBI, represented by special public prosecutor Anubha Rastogi, opposed the plea, and the court noted the interim order remains unchallenged by Parekh.
- Judge R M Jadhav declined a blanket four‑month travel request in September, but found a narrowed, time‑specific application maintainable.
- Parekh sought permission to visit Thailand from November 5–9 for a family vacation and the UAE from November 18–28 to attend a wedding.