Securities Appellate Tribunal

NNM Securities Private Limited & Another vs SEBI on 3 September 2026

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BEFORE THE SECURITIES APPELLATE TRIBUNAL

MUMBAI

Date: 03.09.2026

Appeal No. 181 of 2026

NNM Securities Pvt. Ltd. & Anr.

… Appellants

Versus

Securities & Exchange Board of India

… Respondent

Mr. Mihir Mody, Advocate with Mr. Aavish Shetty, Mr. Vijay Chockalingam, Mr. Sudhanshuman Naruka, Mr. Vignesh Narayanan, Advocates i/b. M/s. K. Ashar & Co. for the Respondent.

With

Appeal No. 217 of 2026

Mr. Satish Vadilal Sheth

… Appellant

Versus

Securities & Exchange Board of India

… Respondent

i/b. R. V. Legal for the Appellant.

Mr. Mihir Mody, Advocate with Mr. Aavish Shetty, Mr. Vijay Chockalingam, Mr. Sudhanshuman Naruka, Mr. Vignesh Narayanan, Advocates i/b. M/s. K. Ashar & Co. for the Respondent.

With

Appeal No. 220 of 2026

Mr. Rushabh Pradeep Shroff

… Appellant

Versus

Securities & Exchange Board of India

… Respondent

i/b. R. V. Legal for the Appellant.

Mr. Mihir Mody, Advocate with Mr. Aavish Shetty, Mr. Vijay Chockalingam, Mr. Sudhanshuman Naruka, Mr. Vignesh Narayanan, Advocates i/b. M/s. K. Ashar & Co. for the Respondent.

With

Appeal No. 221 of 2026

And

Misc. Application No. 672 of 2026

First Overseas Capital Limited

… Appellant

Versus

Securities & Exchange Board of India

… Respondent

i/b. R. V. Legal for the Appellant.

Mr. Mihir Mody, Advocate with Mr. Aavish Shetty, Mr. Vijay Chockalingam, Mr. Sudhanshuman Naruka, Mr. Vignesh Narayanan, Advocates i/b. M/s. K. Ashar & Co. for the Respondent.

With

Appeal No. 224 of 2026

M/s. Bhavesh A. Vora HUF

Represented by its Karta,

Mr. Bhavesh Vora

… Appellant

Versus

Securities and Exchange Board of India

… Respondent

i/b. R. V. Legal for the Appellant.

Mr. Mihir Mody, Advocate with Mr. Aavish Shetty, Mr. Vijay Chockalingam, Mr. Sudhanshuman Naruka, Mr. Vignesh Narayanan, Advocates i/b. M/s. K. Ashar & Co. for the Respondent.

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ORDER:

1. Mr. Mihir Mody, learned advocate for the SEBI seeks time to file reply and submits that the connected appeals (Appeal No.247 of 2026 and others) are placed on 26.11.2026.

2. Learned advocate for the appellants in Appeal No. 181 of 2026 seeks four weeks to file rejoinder. Granted.

3. Call on 26.11.2026.

Justice P. S. Dinesh Kumar Presiding Officer

Ms. Meera Swarup Technical Member

Dr. Dheeraj Bhatnagar Technical Member 03.09.2026 VPM

MRS PRAMILA Digitally signed by MRS PRAMILA Date: 2026.09.04 14:27:04 +05'30'

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