Securities Appellate Tribunal

Master Capital Services Ltd vs NSEIL on 13 October 2026

IN THE SECURITIES APPELLATE TRIBUNAL

AT MUMBAI

Date: 13.10.2026

Appeal No. 94 of 2024

Master Capital Services Limited

…Appellant

Versus

National Stock Exchange of India Limited …Respondent

Mr. Valentine Mascarenhas, Advocate i/b RHP Partners for the Appellant.

Mr. Vishal Jathar, Advocate i/b Parinam Law Associates for the Respondent.

WITH

Appeal No. 216 of 2024

[Along with Misc. Application No. 666 of 2024]

Marwadi Shares and Finance Limited

…Appellant

Versus

National Stock Exchange of India Limited …Respondent

Mr. Vishal Jathar, Advocate i/b Parinam Law Associates for the Respondent.

WITH

Appeal No. 248 of 2024

Share India Securities Limited

…Appellant

Versus

National Stock Exchange of India Limited …Respondent

Page 1 of 3

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

Mr. Vishal Jathar, Advocate i/b Parinam Law Associates for the Respondent.

WITH

Appeal No. 249 of 2024

Adroit Financial Services Private Limited …Appellant

Versus

National Stock Exchange of India Limited …Respondent

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

Mr. Vishal Jathar, Advocate i/b Parinam Law Associates for the Respondent.

WITH

Appeal No. 250 of 2024

[Along with Misc. Application No. 189 of 2024]

Pace Stock Broking Services Private Limited …Appellant

Versus

National Stock Exchange of India Limited …Respondent

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

Mr. Vishal Jathar, Advocate i/b Parinam Law Associates for the Respondent.

Page 2 of 3

WITH

Appeal No. 276 of 2024

KIFS Trade Capital Private Limited …Appellant

Versus

National Stock Exchange of India Limited …Respondent

AND

Appeal No. 277 of 2024

Eureka Stock And Share Broking Services Limited …Appellant

Versus

National Stock Exchange of India Limited …Respondent Mr. Valentine Mascarenhas, Advocate i/b RHP Partners for the Appellant.

ORDER:

Mr. Vishal Jathar, learned advocate for the respondent- NSEIL seeks time.

2. By consent, call on January 12, 2027.

Justice P. S. Dinesh Kumar Presiding Officer

Ms. Meera Swarup Technical Member

Dr. Dheeraj Bhatnagar Technical Member 13.10.2026 PK PRERNA MANISH KHARE Digitally signed by PRERNA MANISH KHARE Date: 2026.10.14 13:29:04 +05'30'

Page 3 of 3

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