Securities Appellate Tribunal
Sri. Madhusudhan B.R vs Securities and Exchange Board of India on 9 October 2026
BEFORE THE SECURITIES APPELLATE TRIBUNAL
MUMBAI
Date : 09.10.2026
Appeal No. 333 of 2026
Sri. Madhusudhan B.R.
…Appellant
Versus
Securities and Exchange Board of India
…Respondent
Mr. Saket R. Ketkar, Advocate with Mr. Anand Kankani, CS, Ms. Muskan Kadiwar, CS, Ms. Vedica Gaggar, Ms. Vedika Sharma and Ms. Payal Lad i/b A Kankani and Associates for the Appellant.
Mr. Manish Chhangani with Mr. Karthik K.P and Mr. Devya Shah, Advocates i/b The Law Point for the Respondent –
SEBI.
ORDER:
Learned Advocate for the appellant submitted that appellant’s property is sought to be auctioned and prayed that the application for interim prayer may be disposed of in like terms as in Appeal No. 296 of 2026. Learned Advocate for the respondent has no objection.
2. Admit.
3. Respondent is allowed six weeks to file reply. Rejoinder, if any, be filed within three weeks thereafter.
4. Pending consideration of final hearing, the proposed auction of the following property shall remain stayed.
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“SCHEDULE PROPERTY
ALL THAT PIECE AND PARCEL OF Agricultural Land bearing Sy. No. 25 measuring to an extent of 05 (Five) Acres (And also 16 Guntas of Kharab Land), situated, at Sanna Amanikere Village, Kasaba Hobli, Devanahalli Taluk, Bangalore Rural District and bounded as follows:
East by : Property of Ramaiah; West by : Property of Ramappa; North by : Sanna Amanikere Road; South by : Property of Narasimaiah.”
10. Call on 12.01.2027.
Justice P.S. Dinesh Kumar Presiding Officer
Ms. Meera Swarup Technical Member
Dr. Dheeraj Bhatnagar Technical Member 09.10.2026 msb MADHUKAR BHALBAR Digitally signed by MADHUKAR BHALBAR Date: 2026.10.12 14:02:54 +05'30'
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