Securities Appellate Tribunal
LTS Investment Fund Ltd. vs Securities and Exchange Board of India on 9 October 2026
BEFORE THE SECURITIES APPELLATE TRIBUNAL
MUMBAI
Date : 09.10.2026
Appeal No. 260 of 2026
LTS Investment Fund Ltd.
…Appellant
Versus
Securities and Exchange Board of India
…Respondent
Mr. P R Ramesh and Mr. Pratyush Gupta, Advocates for the Appellant.
Mr.
Sumit
Rai,
Advocate
with
Ms.
Prapti
Kedia,
Mr. Ravishekhar Pandey and Mr. Ankit Ujjwal, Advocates i/b Agama Law Associates for the Respondent.
WITH
Appeal No. 266 of 2026
Asia Investment Corporation
(Mauritius) Ltd.
…Appellant
Versus
Securities and Exchange Board of India
…Respondent
Mr. P R Ramesh and Mr. Pratyush Gupta, Advocates for the Appellant.
Mr.
Sumit
Rai,
Advocate
with
Ms.
Prapti
Kedia,
Mr. Ravishekhar Pandey and Mr. Ankit Ujjwal, Advocates i/b Agama Law Associates for the Respondent.
WITH
Appeal No. 268 of 2026
APMS Investment Fund Ltd.
…Appellant
Versus
Securities and Exchange Board of India
…Respondent
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Mr. P R Ramesh and Mr. Pratyush Gupta, Advocates for the Appellant.
Mr.
Sumit
Rai,
Advocate
with
Ms.
Prapti
Kedia,
Mr. Ravishekhar Pandey and Mr. Ankit Ujjwal, Advocates i/b Agama Law Associates for the Respondent.
WITH
Appeal No. 273 of 2026
Cresta Fund Ltd.
…Appellant
Versus
Securities and Exchange Board of India
…Respondent
Mr. Joby Mathew, Advocate with Mr. Kush Padamsi, Advocate i/b Sterling Associates for the Appellant.
Mr.
Sumit
Rai,
Advocate
with
Ms.
Prapti
Kedia,
Mr. Ravishekhar Pandey and Mr. Ankit Ujjwal, Advocates i/b Agama Law Associates for the Respondent.
AND
Appeal No. 274 of 2026
Albula Investment Fund Ltd.
…Appellant
Versus
Securities and Exchange Board of India
…Respondent
Mr. Ramakant Kini, Advocate for the Appellant.
Mr.
Sumit
Rai,
Advocate
with
Ms.
Prapti
Kedia,
Mr. Ravishekhar Pandey and Mr. Ankit Ujjwal, Advocates i/b Agama Law Associates for the Respondent.
Page 2 of 3
ORDER:
This praecipe has been filed by the SEBI. Mr. Sumit Rai, learned Advocate for the SEBI submitted that, in compliance with this Tribunal’s order dated 28.09.2026, SEBI shall issue a typed copy of the order, but the word ‘Typed Copy’ is not forthcoming in the said order.
2. Mr. P. R. Ramesh, learned Advocate for the appellants fairly submitted that ‘True Copy’ was understood by the appellant as ‘Typed Copy’.
3. In view of the above, SEBI is permitted to issue ‘Typed Copy’. Praecipe is disposed of.
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 13:56:51 +05'30'
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