Securities Appellate Tribunal
ms Bhagyashree buildtech pvt ltd vs panel of recovery officers appointed under section 28a of the sebi act, 1992 in the matter of pacl ltd on 12 October 2026
BEFORE THE SECURITIES APPELLATE TRIBUNAL
MUMBAI
Date: 12.10.2026
Appeal No. 345 of 2026
M/s. Bhagyashree Buildtech Pvt. Ltd.
….. Appellant
Versus
Securities & Exchange Board of India
Panel of Recovery Officers appointed
Under Section 28A of the SEBI Act,
1992 discharging functions in terms of
the Orders of the Hon’ble Supreme
Court dated 08.08.2024 and
19.02.2026 in C.A. No. 13301 of 2015
in the matter of PACL Ltd.
… Respondent
Ms. Anu Shrivastava, Advocate for the Appellant.
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Mr. Chetan Kapadia, Senior Advocate with Mr. Mihir Mody, Mr.
Vijay
Chockalingam,
Mr.
Aavish
Shetty,
Mr.
Sudhanshuman
Naruka,
Mr.
Vignesh
Narayanan,
Advocates i/b. M/s. K. Ashar & Co. for the Respondent.
ORDER :-
1. At the outset, Mr. Chetan Kapadia, learned senior advocate for the respondent submits that the properties in question have been auctioned and sale certificates have been issued.
2. Learned advocate for the appellant submits that the sale certificates have not received by her.
2
3. Mr. Chetan Kapadia undertakes to send the details of sale certificates (one sale certificate dated 11.11.2025 and two sale certificates dated 27.01.2026) by email today.
4. As prayed, call on October 26, 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 15:49:48 +05'30'
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