M/S Trustline Securities Limited vs Hanish Singla

Case Significance

M/S Trustline Securities Limited vs Hanish Singla is a Delhi High Court decision dated December 18, 2025 (citation: ik-155893878). A securities firm appealed against a District Judge's order setting aside an NSE Appellate Arbitral Award and restoring the original award in a dispute over unauthorized stock trades. The Division Bench dismissed the appeal with Rs 1,00,000 costs, finding the appellant guilty of sharp practices in carrying out unauthorized trades merely to generate commissions, and the Appellate Arbitral Award patently illegal. The bench comprised Justices Anil Kshetarpal and Harish Vaidyanathan Shankar. The judgment was delivered by Justice Harish Vaidyanathan Shankar. Counsel appearing: Aakash Saini (counsel for respondent), Alok Sinha (counsel for respondent), Ashish Mohan (counsel for appellant), Deepansha Saini (counsel for respondent), Hemant Manjani (counsel for appellant).