Samir Jain & Another vs SEBI & Others on 14 October 2026

BEFORE THE SECURITIES APPELLATE TRIBUNAL

MUMBAI

Date: 14.10.2026

Appeal No. 371 of 2023

Samir Jain & Anr.

….. Appellants

Versus

Securities and Exchange Board of India &

Ors.

… Respondents

Mr. Janak Dwarkadas, Senior Advocate with Mr. Ankit Lohia, Mr. Ativ Patel, Ms. Viloma Shah, Mr. Harshad Vyas, Mr. Viraj Raiyani, Advocates i/b AVP Partners for the Appellants.

None for the Respondent Nos. 3 (Trishla Jain).

Advocates i/b JSA, Advocates & Solicitors for the Intervenor (Ashok Dayabhai Shah).

With

Appeal No. 372 of 2023

Samir Jain & Anr.

….. Appellants

Versus

Securities and Exchange Board of India &

Ors.

… Respondents

Mr. Janak Dwarkadas, Senior Advocate with Mr. Ankit Lohia, Mr. Ativ Patel, Ms. Viloma Shah, Mr. Harshad Vyas, Mr. Viraj Raiyani, Advocates i/b AVP Partners for the Appellants.

None for the Respondent Nos. 7 (Punjab Mercantile).

With

Appeal No. 373 of 2023

Trishla Jain

….. Appellant

Versus

Securities and Exchange Board of India &

Ors.

… Respondents

Mr. Janak Dwarkadas, Senior Advocate with Mr. Ankit Lohia, Mr. Ativ Patel, Ms. Viloma Shah, Mr. Harshad Vyas,

Mr. Viraj Raiyani, Advocates i/b AVP Partners for the Appellants.

None for the Respondent Nos. 6 (Artee Viniyoga Combine Holding).

With

Appeal No. 374 of 2023

PNB Finance & Industries Ltd. & Anr.

….. Appellants

Versus

Securities and Exchange Board of India &

Ors.

… Respondents

Mr. Indranil Deshmukh, Advocate with Ms. Gazal Rawal, Mr.

Darshan Furia, Ms. Priyanka Desai, Ms. Jhanvi Sahni, Ms.

Chandni

Turakhiya,

Advocates

i/b

Cyril

Amarchand

Mangaldas for the Appellants.

With

Appeal No. 375 of 2023

PNB Finance & Industries Ltd.

….. Appellant

Versus

Securities and Exchange Board of India &

Ors.

… Respondents

Mr. Indranil Deshmukh, Advocate with Ms. Gazal Rawal, Mr.

Darshan Furia, Ms. Priyanka Desai, Ms. Jhanvi Sahni, Ms.

Chandni

Turakhiya,

Advocates

i/b

Cyril

Amarchand

Mangaldas for the Appellants.

None for the Respondent Nos. 4 (Trishla Jain).

None for the Respondent Nos. 7 (Camac Commercial)

None for the Respondent Nos. 8 (Combine Holding).

Mr. Ashwin Vanayak Ranjane, Advocate for the Respondent Nos. 9 (Calcutta Stock Exchange).

With

Appeal No. 376 of 2023

Camac Commercial Company Ltd.

….. Appellant

Versus

Securities and Exchange Board of India &

Ors.

None for the Respondent Nos. 7 (Combine Holding)

None for the Respondent Nos. 8 (Punjab Mercantile).

Mr. Ashwin Vanayak Ranjane, Advocate for the Respondent Nos. 9 (Calcutta Stock Exchange).

With

Appeal No. 377 of 2023

Ashoka Viniyoga Ltd.

….. Appellant

Versus

Securities and Exchange Board of India &

Ors.

Mr. Zal Andhyarujina, Senior Advocate with Ms. Shruti Rajan, Mr. Anubhav Ghosh, Mr. Vivek Shah, Mr. Jahaan Dastur, Mr. Paras Taneja, Advocates for the Respondent Nos. 2 (Camac Commercial).

None for the Respondent Nos. 7 (Combine Holding)

None for the Respondent Nos. 8 (Punjab Mercantile).

With

Appeal No. 378 of 2023

Artee Viniyoga Ltd.

….. Appellant

Versus

Securities and Exchange Board of India &

Ors.

None for the Respondent Nos. 7 (Combine Holding)

None for the Respondent Nos. 8 (Punjab Mercantile).

With

Appeal No. 379 of 2023

Combine Holding Ltd.

….. Appellant

Versus

Securities and Exchange Board of India &

Ors.

None for the Respondent Nos. 7 (PNB Finance)

None for the Respondent Nos. 8 (Punjab Mercantile).

With

Appeal No. 380 of 2023

Camac Commercial Company Ltd.

….. Appellant

Versus

Securities and Exchange Board of India &

Ors.

None for the Respondent Nos. 5 (Trishla Jain).

None for the Respondent Nos. 6 (Ashoka Viniyoga).

None for the Respondent Nos. 7 (Artee Viniyoga)

With

Appeal No. 381 of 2023

Ashoka Viniyoga Limited

….. Appellant

Versus

Securities and Exchange Board of India &

Ors.

None for the Respondent Nos. 5 (Trishla Jain).

None for the Respondent Nos. 6 (Artee Viniyoga).

None for the Respondent Nos. 7 (Camac Commercial)

With

Appeal No. 382 of 2023

Artee Viniyoga Ltd.

….. Appellant

Versus

Securities and Exchange Board of India &

Ors.

None for the Respondent Nos. 5 (Trishla Jain).

None for the Respondent Nos. 6 (Ashoka Viniyoga).

None for the Respondent Nos. 7 (Camac Commercial)

With

Appeal No. 383 of 2023

Combine Holding Ltd.

….. Appellant

Versus

Securities and Exchange Board of India &

Ors.

None for the Respondent Nos. 5 (Trishla Jain).

None for the Respondent Nos. 6 (Ashoka Viniyoga).

None for the Respondent Nos. 7 (Artee Viniyoga)