Samir Jain & Another vs SEBI & Others on 15 October 2026

IN THE SECURITIES APPELLATE TRIBUNAL

AT MUMBAI

Date: 15.10.2026

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 and Mr. Viraj Raiyani i/b M/s AVP Partners for the Appellants.

Mr. J.J. Bhatt, Senior Advocate with Mr. Akash Rebello,

Mr. Mihir Mody, Mr. Vijay Chockalingam, Mr. Aavish Shetty,

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 and Mr. Viraj Raiyani i/b M/s AVP Partners for the Appellants.

Mr. J.J. Bhatt, Senior Advocate with Mr. Akash Rebello,

Mr. Mihir Mody, Mr. Vijay Chockalingam, Mr. Aavish Shetty,

With

Appeal No. 373 of 2023

Trishla Jain

…Appellant

Versus

Securities and Exchange Board of India & Ors. …Respondents

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

Mr. J.J. Bhatt, Senior Advocate with Mr. Akash Rebello,

Mr. Mihir Mody, Mr. Vijay Chockalingam, Mr. Aavish Shetty,

With

Appeal No. 374 of 2023

PNB Finance And Industries Limited & 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 and Ms. Chandni Turakhiya, Advocates i/b Cyril Amarchand Mangaldas, Advocates for the Appellants.

Mr. J.J. Bhatt, Senior Advocate with Mr. Akash Rebello ,

Mr. Ashwin Vanayak Ranjane, Advocate i/b. for Respondent No-09.

With

Appeal No. 375 of 2023

PNB Finance And Industries Limited

…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 and Ms. Chandni Turakhiya, Advocates i/b Cyril Amarchand Mangaldas, Advocates for the Appellants.

Mr. J.J. Bhatt, Senior Advocate with Mr. Akash Rebello ,

With

Appeal No. 376 of 2023

Camac Commercial Company Limited …Appellant

Versus

Mr. J.J. Bhatt, Senior Advocate with Mr. Akash Rebello ,

Mr. Ashwin Vanayak Ranjane, Advocate i/b. for Respondent No-09

With

Appeal No. 377 of 2023

Ashoka Viniyoga Limited

…Appellant

Versus

Mr. J.J. Bhatt, Senior Advocate with Mr. Akash Rebello ,

With

Appeal No. 378 of 2023

Artee Viniyoga Limited

…Appellant

Versus

Mr. Mihir Mody, Mr. Vijay Chockalingam, Mr. Aavish Shetty,

With

Appeal No. 379 of 2023

Combine Holding Limited

…Appellant

Versus

Mr. J.J. Bhatt, Senior Advocate with Mr. Akash Rebello ,

With

Appeal No. 380 of 2023

Camac Commercial Company Limited …Appellant

Versus

With

Appeal No. 381 of 2023

Ashoka Viniyoga Limited

…Appellant

Versus

Mr. Mihir Mody, Mr. Vijay Chockalingam, Mr. Aavish Shetty,

With

Appeal No. 382 of 2023

Artee Viniyoga Limited

…Appellant

Versus

Mr. Mihir Mody, Mr. Vijay Chockalingam, Mr. Aavish Shetty,

And

Appeal No. 383 of 2023

Combine Holding Limited

…Appellant

Versus

Mr. J.J. Bhatt, Senior Advocate with Mr. Akash Rebello ,