Krishna Ghag vs SEBI on 3 September 2026

BEFORE THE SECURITIES APPELLATE TRIBUNAL

MUMBAI

Date: 03.09.2026

Appeal No. 727 of 2022

Krishna Ghag

….. Appellant

Versus

Securities and Exchange Board of India … Respondent

Mr. Kuber Dewan, Advocate with Ms. Neeharika Aggarwal, Mr. Kaustubh Srivastava, Advocates for the Appellant.

Ms. Komal Shah, Advocate with Ms. Nidhi Singh, Advocate i/b Vidhii Partners for the Respondent.

With

Appeal No. 728 of 2022

Dilip Bhatia

….. Appellant

Versus

Securities and Exchange Board of India … Respondent

Ms. Komal Shah, Advocate with Ms. Nidhi Singh, Advocate i/b Vidhii Partners for the Respondent.

With

Appeal No. 778 of 2022

IL&FS Transportation Networks Limited

….. Appellant

Versus

Securities and Exchange Board of India

…… Respondent

2

Mr. Animesh Bisht, Advocate with Mr. Karan Sangani, Mr. Niket Mehta, Mr. Varun Udhwani, Advocates i/b Cyril Amarchand Mangaldas for the Appellant.

Ms. Komal Shah, Advocate with Ms. Nidhi Singh, Advocate i/b Vidhii Partners for the Respondent.

With

Appeal No. 892 of 2022

Ramchand Karunakaran

….. Appellant

Versus

Securities and Exchange Board of India …… Respondent

Mr. Abishek Venkataraman, Advocate with Mr. Varun Satiya, Mr. Nikhat Chaudhary, Advocates i/b. Satiya Legal for the Appellant.

Ms. Komal Shah, Advocate with Ms. Nidhi Singh, Advocate i/b Vidhii Partners for the Respondent.