Securities Appellate Tribunal
SUSHILA ASHOKBHAI CHIRIPAL vs SEBI on 5 October 2026
BEFORE THE SECURITIES APPELLATE TRIBUNAL
MUMBAI
Date: 05.10.2026
Appeal No. 328 of 2026
Smt. Sushila Ashokbhai Chiripal
….. Appellant
Versus
Securities and Exchange Board of India
… Respondent
Mr. Jitendra Sharda, Advocate for the Appellant.
Ms. Prachi Pandya, Advocate with Ms. Nidhi Singh, Ms. Nidhi Faganiya, Ms. Komal Shah, Mr. Arav Doss, Ms. Sanjana Kumari, Advocates i/b Vidhii Partners for the Respondent.
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ORDER :-
1. Learned advocate for the appellant submits that the issue involved in this appeal is similar to Appeal No. 281 of 2026 and similar order may be passed. Learned advocate for the SEBI has no objection.
2. Admit.
3. Respondent is allowed six weeks to file reply. Rejoinder, if any, within three weeks thereafter.
4. In similar cases in the batch concerning Vishal Fabric scrip, we have granted interim relief subject to deposit of full penalty.
5. There shall be stay of the impugned order subject to deposit of full penalty within four weeks from today and the same shall be kept in an interest bearing account.
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6. Post this appeal along with Appeal No. 238 of 2026 on December 9, 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: 2026.10.07 12:45:36 +05'30'