Securities Appellate Tribunal

Master Capital Services Limited vs SEBI on 12 October 2026

BEFORE THE SECURITIES APPELLATE TRIBUNAL

MUMBAI

Date: 12.10.2026

Appeal No. 747 of 2021

Master Capital Services Limited

….. Appellant

Versus

Advocate i/b JURAL LLP for the Appellant.

Mr. Manish Chhangani, Advocate with Mr. Karthik K.P, Mr. Devya Shah, Advocates i/b The Law Point for the Respondent.

With

Appeal No. 203 of 2022

Adroit Financial Service Private Limited

….. Appellant

Versus

Mr. Kushal Shah, CA with Dr. Keyur Shah, Advocate i/b Prakash Shah & Associates for the Appellant.

Mr. Manish Chhangani, Advocate with Mr. Karthik K.P, Mr. Devya Shah, Advocates i/b The Law Point for the Respondent.

With

Appeal No. 381 of 2022

And

Misc. Application No. 383 of 2025

Pace Stock Broking Services Pvt. Ltd.

….. Appellant

Versus

2

Mr. Neville Lashkari, Advocate with Mr. Kushal Shah, CA and Dr. Keyur Shah, Advocate i/b Prakash Shah and Associates for the Appellant.

Mr. Manish Chhangani, Advocate with Mr. Karthik K.P, Mr. Devya Shah, Advocates i/b The Law Point for the Respondent.

With

Appeal No. 55 of 2023

Tower Research Capital Markets India

Private Limited

….. Appellant

Versus

Page 1 of 2

Mr. Manish Chhangani, Advocate with Mr. Karthik K.P, Mr. Devya Shah, Advocates i/b The Law Point for the Respondent.

ORDER :

1. Adjournment is sought by Mr. Neville Lashkari, learned advocate for the appellant in Appeal No. 381 of 2022.

2. As a last chance, call on December 21, 2026 at 2:30 p.m.

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 15:56:29 +05'30'

Page 2 of 2

Loading citations and judicial treatment…

You have used today's free searches. Sign in, for free, to keep searching without a limit.

Compass reads the judgments for you and finds the paragraphs for and against your question. Sign in to use it.

My Vault follows judgments for you and records every later decision that cites them. Sign in to keep one.

Sign in to download the court's PDF. The full text stays free to read here.

Search and read Indian judgments without limits, save them to My Vault and find the relevant paragraphs with Compass.

Open the sign-in page instead