Durgeshwari Pradipbhai Chiripal vs Securities and Exchange Board of India on 12 October 2026

ORDER :-

1. There is a delay of 12 days in the filing this appeal. For the reasons stated therein, the delay in filing the appeal is condoned and Misc. Application No.909 of 2026 is disposed of.

2. Admit.

3. Respondent is allowed six weeks to file reply. Rejoinder, if any, be filed within three weeks thereafter.

4. Learned advocate for the appellant undertakes to deposit 50% penalty and disgorgement amounts and seeks stay of recovery. The stay against the debarment is not pressed.

5. There shall be stay of recovery, subject to deposit of 50% penalty and disgorgement amounts within four weeks from today. If the said amount is deposited, the same shall be placed in an interest bearing account by SEBI. Misc. Application No.908 of 2026 for stay is disposed of.

6. Appellant shall be permitted to operate the bank account and demat account for the purpose of making the deposit. Once the deposit is made as directed, the account shall be de-frozen.

7. As prayed by learned advocate for the appellant, post this appeal along with Appeal No.

of on December 9, 2026.

Justice P.S. Dinesh Kumar Presiding Officer

Ms. Meera Swarup Technical Member

Dr. Dheeraj Bhatnagar Technical Member 12.10.2026 VPM MRS PRAMILA Digitally signed by MRS PRAMILA Date: 2026.10.13 15:44:40 +05'30'