Sandeep Ghate vs SEBI on 9 October 2026

BEFORE THE SECURITIES APPELLATE TRIBUNAL

MUMBAI

Date : 09.10.2026

Appeal No. 542 of 2025

[Along with Misc. Application No. 1349 of 2025]

Sandeep Ghate

…Appellant

Versus

Securities and Exchange Board of India

…Respondent

Mr. Pesi Modi, Senior Advocate with Mr. Neville Lashkari, Mr. Joby Mathew and Ms. Uttam Jaiswal, Advocates i/b Joby Mathew & Associates for the Appellant.

WITH

Appeal No. 543 of 2025

[Along with Misc. Application No. 1350 of 2025]

Instafin Financial Advisors LLP

…Appellant

Versus

Securities and Exchange Board of India

…Respondent

Mr. Pesi Modi, Senior Advocate with Mr. Neville Lashkari, Mr. Joby Mathew and Ms. Uttam Jaiswal, Advocates i/b Joby Mathew & Associates for the Appellant.

2

AND

Appeal No. 549 of 2025

Droneacharya Aerial Innovation Limited & Ors. …Appellants

Versus

Securities and Exchange Board of India

…Respondent

Mr. Vedchetan Patil, Advocate and Ms. Delzeen Dastoor, Advocate for the Appellant.