Mr. Arun Laha & Others vs SEBI on 13 October 2026

IN THE SECURITIES APPELLATE TRIBUNAL

AT MUMBAI

Date: 13.10.2026

Appeal No. 131 of 2023

Mr. Arun Laha & Ors.

…Appellants

Versus

Securities and Exchange Board of India …Respondent

Mr.

Kunal

Katariya,

Advocate

with

Mr.

Shubham

Dhamnaskar, Mr. Vineet Jadhav, Mr. Anil Shah and Ms.

Mansi Mane, Advocates i/b Juris Matrix Partners LLP, Advocates & Solicitors for Appellants.

Mr. Vyom Shah, Advocate with Mr. Bhushan Shah, Mr. Abhishek Nair and Ms. Sayali Kshirsagar, Advocates i/b Mansukhlal Hiralal & Co. for the Respondent.

WITH

[Along with Misc. Application No. 130 of 2025]

Hanif Shekh

…Appellant

Versus

Securities and Exchange Board of India …Respondent

Mr. Zal Andhyarujina, Senior Advocate with Ms. Rhia Mehta and Mr. Valentine Mascarenhas, Advocates i/b RHP Partners for the Appellant.

Mr. Pradeep Sancheti, Senior Advocate with Mr. Bhushan Shah, Mr. Abhishek Nair and Ms. Sayali Kshirsagar, Advocates i/b Mansukhlal Hiralal & Co. for the Respondent.

2

AND

D.K. Jain Properties Pvt. Ltd. & Ors.

…Appellants

Versus

Securities and Exchange Board of India …Respondent

Mr.

Kunal

Katariya,

Advocate

with

Mr.

Shubham

Dhamnaskar, Mr. Vineet Jadhav, Mr. Anil Shah and Ms.

Mansi Mane, Advocates i/b Juris Matrix Partners LLP, Advocates & Solicitors for Appellants.

Mr. Vyom Shah, Advocate with Mr. Bhushan Shah, Mr. Abhishek Nair and Ms. Sayali Kshirsagar, Advocates i/b Mansukhlal Hiralal & Co. for the Respondent.