Securities Appellate Tribunal

Mr. Hassan Ali & Others vs SEBI on 2 September 2026

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BEFORE THE SECURITIES APPELLATE TRIBUNAL

MUMBAI

Date : 02.09.2026

Appeal No. 447 of 2022

[Along with Misc. Application No. 1536 of 2022

And Misc. Application No. 1267 of 2024 And Misc. Application No. 80 of 2025]

Mr. Hassan Ali and Ors.

…Appellants

Versus

Securities and Exchange Board of India

…Respondent

Mr. Ravi Prakash, Advocate with Ms. Mahima Khandelwal and Ms. Kriti Karn, Advocates i/b Corporate Professionals for the Appellants.

Mr. Sumit Rai, Advocate with Ms. Khushbu Chhajed, Ms. Niyati Merchant, Mr. Harsh Sheth and Ms. Khushbu Trivedi, Advocates i/b. MDP Legal for the Respondent.

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ORDER:

Learned Advocate on both sides submit that the written submissions have been filed. Order reserved.

Justice P.S. Dinesh Kumar

Presiding Officer

Ms. Meera Swarup Technical Member

Dr. Dheeraj Bhatnagar Technical Member 02.09.2026 msb MADHUKAR BHALBAR Digitally signed by MADHUKAR BHALBAR Date: 2026.09.03 12:37:12 +05'30'

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