Mr. Suprabhat Lala vs SEBI & Another on 2 September 2026

BEFORE THE SECURITIES APPELLATE TRIBUNAL

MUMBAI

Date : 02.09.2026

Appeal No. 328 of 2019

Mr. Suprabhat Lala

…Appellant

Versus

Securities and Exchange Board of India

…Respondent

Mr. Joby Mathew, Advocate with Mr. Harish Ballani and Ms. Uttam Jaiswal, Advocates i/b. Joby Mathew and Associates for the Appellant.

Ms. Shreya Parikh, Advocate with Mr. Manish Chhangani, Mr. Sumit Yadav with, Mr. Karthik K.P and Mr. Devya Shah, Advocates i/b The Law Point for the Respondent – SEBI.

With

Appeal No. 329 of 2019

Infotech Financials Private Limited & Ors. …Appellants

Versus

Securities and Exchange Board of India

…Respondent

Ms. Shreya Parikh, Advocate with Mr. Manish Chhangani, Mr. Sumit Yadav with, Mr. Karthik K.P and Mr. Devya Shah, Advocates i/b The Law Point for the Respondent – SEBI.

With

Appeal No. 330 of 2019

Ajay Shah

…Appellant

Versus

Securities and Exchange Board of India

…Respondent

Ms. Shreya Parikh, Advocate with Mr. Manish Chhangani, Mr. Sumit Yadav with, Mr. Karthik K.P and Mr. Devya Shah, Advocates i/b The Law Point for the Respondent – SEBI.

With

Appeal No. 332 of 2019

Ravi Narain

…Appellant

Versus

Securities and Exchange Board of India

…Respondent

Mr. Robin Shah and Mr. Udaysingh Kashid, Advocates i/b Bodhi Legal for the Appellant.

Ms. Shreya Parikh, Advocate with Mr. Manish Chhangani, Mr. Sumit Yadav with, Mr. Karthik K.P and Mr. Devya Shah, Advocates i/b The Law Point for the Respondent – SEBI.

With

Appeal No. 338 of 2019

Ms. Chitra Ramakrishna

…Appellant

Versus

Securities and Exchange Board of India

…Respondent

Mr. Suraj Chaudhary, Advocate with Mr. Manish Chhangani, Mr. Sumit Yadav with, Mr. Karthik K.P and Mr. Devya Shah, Advocates i/b The Law Point for the Respondent – SEBI.

With

Appeal No. 409 of 2022

Ravi Narain

…Appellant

Versus

Securities and Exchange Board of India

…Respondent

Mr. Robin Shah and Mr. Udaysingh Kashid, Advocates i/b Bodhi Legal for the Appellant.

Ms. Shreya Parikh, Advocate with Mr. Manish Chhangani, Mr. Sumit Yadav with, Mr. Karthik K.P and Mr. Devya Shah, Advocates i/b The Law Point for the Respondent – SEBI.

With

Appeal No. 425 of 2022

Ajay Shah

…Appellant

Versus

Securities and Exchange Board of India

…Respondent

Ms. Shreya Parikh, Advocate with Mr. Manish Chhangani, Mr. Sumit Yadav with, Mr. Karthik K.P and Mr. Devya Shah, Advocates i/b The Law Point for the Respondent – SEBI.

With

Appeal No. 426 of 2022

Suprabhat Lala

…Appellant

Versus

Securities and Exchange Board of India

…Respondent

Mr. Joby Mathew, Advocate with Mr. Harish Ballani and Ms. Uttam Jaiswal, Advocates i/b. Joby Mathew and Associates for the Appellant.

Ms. Shreya Parikh, Advocate with Mr. Manish Chhangani, Mr. Sumit Yadav with, Mr. Karthik K.P and Mr. Devya Shah, Advocates i/b The Law Point for the Respondent – SEBI.

With

Appeal No. 427 of 2022

Infotech Financials Private Limited & Ors. …Appellants

Versus

Securities and Exchange Board of India

…Respondent

Ms. Shreya Parikh, Advocate with Mr. Manish Chhangani, Mr. Sumit Yadav with, Mr. Karthik K.P and Mr. Devya Shah, Advocates i/b The Law Point for the Respondent – SEBI.

Appeal No. 560 of 2022

Ms. Chitra Ramakrishna

…Appellant

Versus

Securities and Exchange Board of India

…Respondent

S. Priya, Advocate i/b Venkis Law Offices for the Appellant.

Mr. Suraj Chaudhary, Advocate with Mr. Manish Chhangani, Mr. Sumit Yadav with, Mr. Karthik K.P and Mr. Devya Shah, Advocates i/b The Law Point for the Respondent – SEBI.