Securities Appellate Tribunal

Arun Panchariya vs SEBI on 7 October 2026

BEFORE THE SECURITIES APPELLATE TRIBUNAL

MUMBAI

Date : 07.10.2026

Appeal No. 203 of 2024

And

Misc. Application No. 102 of 2024

And

Misc. Application No. 103 of 2024

And

Misc. Application No. 805 of 2026

Versus

Mr. Sumit Rai, Advocate with Mr. Mihir Mod, Mr. Vijay Chockalingam, Mr. Aavish Shetty, Mr. Sudhanshuman Naruka, Mr. Vignesh Narayanan, Advocates i/b. M/s. K.

Ashar & Co. for the Respondent.

With

Appeal No. 204 of 2024

And

Misc. Application No. 104 of 2024

And

Misc. Application No. 105 of 2024

And

Misc. Application No. 106 of 2024

And

Misc. Application No. 806 of 2026

Versus

2

Mr. Sumit Rai, Advocate with Mr. Mihir Mod, Mr. Vijay Chockalingam, Mr. Aavish Shetty, Mr. Sudhanshuman Naruka, Mr. Vignesh Narayanan, Advocates i/b. M/s. K.

Ashar & Co. for the Respondent.

With

Appeal No. 205 of 2024

And

Misc. Application No. 107 of 2024

And

Misc. Application No. 108 of 2024

And

Misc. Application No. 109 of 2024

And

Misc. Application No. 636 of 2026

Versus

Page 1 of 2

Mr. Sumit Rai, Advocate with Mr. Akash Jain, Mr. Abhishek Nair, Mr. Divyang Salvi, Ms. Sayali Kshirsagar, Advocates i/b Mansukhlal Hiralal & Co. for the Respondent.

ORDER :

1. Part heard. By consent, call on November 3 and November 4, 2026 at 2:30 p.m.

Justice P. S. Dinesh Kumar Presiding Officer

Ms. Meera Swarup Technical Member

Dr. Dheeraj Bhatnagar Technical Member 07.10.2026 PTM MRS PRAMILA Digitally signed by MRS PRAMILA Date: 2026.10.08 16:08:30 +05'30'

Page 2 of 2

Loading citations and judicial treatment…

You have used today's free searches. Sign in, for free, to keep searching without a limit.

Compass reads the judgments for you and finds the paragraphs for and against your question. Sign in to use it.

My Vault follows judgments for you and records every later decision that cites them. Sign in to keep one.

Sign in to download the court's PDF. The full text stays free to read here.

Search and read Indian judgments without limits, save them to My Vault and find the relevant paragraphs with Compass.

Open the sign-in page instead