Securities Appellate Tribunal

Big EM Estates and Infrastructure Limited & Others vs SEBI & Others on 9 October 2026

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BEFORE THE SECURITIES APPELLATE TRIBUNAL

MUMBAI

Date : 09.10.2026

Appeal No. 082 of 2025

Big EM Estates and Infrastructure Limited & Ors.

…Appellants

Versus

Securities and Exchange Board of India & Ors.

…Respondents

Mr. Shubhendu Bhattacharyya, Advocate i/b Mr. Kunal Sharma, Advocate for the Appellants.

Mr. Gulnar Mistry with Mr. Sumit Yadav, Khushbu Trivedi and Ms. Anushka Jain, Advocates i/b. MDP Legal, Advocates for Respondents

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ORDER:

Learned Advocate for the appellant seeks further two weeks to submit the audited list regarding the investors refund. The same is opposed by the learned Advocate for the SEBI.

2. As a last chance, time is granted till 26.10.2026. Call on 26.10.2026.

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 14:14:08 +05'30'

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