Securities Appellate Tribunal
durga enterprises vs Securities and Exchange Board of India on 5 October 2026
BEFORE THE SECURITIES APPELLATE TRIBUNAL
MUMBAI
Date: 05.10.2026
Appeal No. 325 of 2026
And
Misc. Application No. 827 of 2026
And
Misc. Application No. 828 of 2026
M/s. Durga Enterprises
….. Appellant
Versus
Securities and Exchange Board of India
… Respondent
Mr. K. M. Kalidharun, Advocate for the Appellant.
Mr. Sumit Rai, Advocate with Mr. Mihir Mody, Mr. Vijay Chockalingam, Mr. Aavish Shetty, Mr. Sudhanshuman Naruka, Mr. Vignesh Narayanan, Advocates i/b. M/s. K.
Ashar & Co. for the Respondent.
ORDER :-
1. Urgency application has worked for itself. Accordingly, Misc. application No. 827 of 2026 is disposed of.
2. Admit.
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3. Respondent is allowed six weeks to file reply. Rejoinder, if any, be filed within three weeks thereafter.
4. Pending consideration of this appeal, SEBI shall not take any coercive steps in respect of the following immovable property:
“Lands situated at Village Meenakshipuram, Ettaiyapuram Tehsil, Thoothukudi District, Tamil Nadu, bearing Survey Nos. 125/7, 125/1, 125/2, 125/4 and 112/6.”
2
5. Misc. Application No. 828 of 2026 for stay is disposed.
6. Call on December 23, 2026 along with Appeal No. 324 of 2026.
Justice P.S. Dinesh Kumar Presiding Officer
Ms. Meera Swarup Technical Member
Dr. Dheeraj Bhatnagar Technical Member 05.10.2026 VPM MRS PRAMILA Digitally signed by MRS PRAMILA Date: 2026.10.08 14:59:30 +05'30'
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