A Delhi court-ordered FIR against Harith Kampani over the alleged non-delivery of unlisted NSE shares has drawn veteran investment banker Nimesh Kampani and JM Financial into a legal dispute. The complaint, filed by wealth management firm Vardayni Global LLP, alleges that Harith Kampani received around Rs 3.06 crore for 13,700 unlisted NSE shares but delivered only a small portion of the agreed quantity. After accounting for partial deliveries and refunds, the complainant claims outstanding dues of approximately Rs 2.17 crore.

While Harith Kampani remains the primary accused, the case has widened, prompting Nimesh Kampani to move the Delhi High Court seeking to quash the FIR. He has argued that he had no role in the transaction and has been named solely because of his familial relationship with Harith Kampani. Court filings state that all dealings were conducted directly between the complainant and Harith Kampani, with no involvement or knowledge on Nimesh Kampani’s part.

The dispute comes amid growing investor interest in unlisted shares such as NSE and other pre-IPO companies, a market that has expanded rapidly but remains largely opaque, with transactions typically carried out through private arrangements rather than regulated stock exchanges.