Mr. Suprabhat Lala vs SEBI & Another on 4 September 2026

IN THE SECURITIES APPELLATE TRIBUNAL

MUMBAI

Date: 04.09.2026

Appeal No. 328 of 2019

Mr. Suprabhat Lala …Appellant

Versus

Securities and Exchange Board of India …Respondent

Mr. Joby Mathew, Advocate with Mr. Aditya Joby, Ms. Uttam Jaiswal and Mr. Harish Ballani, Advocates i/b Joby Mathew &

Associates for the Appellant.

WITH

Appeal No. 329 of 2019

Infotech Financials Private Limited & Ors. …Appellants

Versus

Securities and Exchange Board of India …Respondent

Mr.

Zerick

Dastur,

Advocate

with

Mr.

Khushil Shah,

Ms. Palak Agrawal and Mr. Anubhav Sinha, Advocates i/b Zerick Dastur Advocates for Appellants.

WITH

Appeal No. 330 of 2019

Ajay Shah …Appellant

Versus

Securities and Exchange Board of India …Respondent

Mr. Janak Dwarkadas, Senior Advocate with Mr. Zerick Dastur, Mr. Khushil Shah, Ms Palak Agrawal and Mr.

Anubhav Sinha, Advocates i/b Zerick Dastur Advocates for the Appellant.

WITH

Appeal No. 332 of 2019

Ravi Narain …Appellant

Versus

Securities and Exchange Board of India …Respondent

Mr. P. N. Modi, Senior Advocate with Mr. Robin Shah, Mr. Neville Lashkari and Mr. Udaysingh Kashid, Advocates i/b Bodhi Legal for the Appellant.

WITH

Appeal No. 338 of 2019

Ms. Chitra Ramakrishna …Appellant

Versus

Mr. Suraj Chaudhary, Advocate with Mr. Manish Chhangani,

WITH

Appeal No. 409 of 2022

Mr. Ravi Narain

…Appellant

Versus

Securities and Exchange Board of India …Respondent

Mr. P. N. Modi, Senior Advocate with Mr. Robin Shah, Mr. Neville Lashkari and Mr. Udaysingh Kashid, Advocates i/b Bodhi Legal for the Appellant.

WITH

Appeal No. 425 of 2022

Ms. Ajay Shah

…Appellant

Versus

Securities and Exchange Board of India …Respondent

Mr. Janak Dwarkadas, Senior Advocate with Mr. Zerick Dastur, Mr. Khushil Shah, Ms Palak Agrawal and Mr.

Anubhav Sinha, Advocates i/b Zerick Dastur Advocates for the Appellant.

WITH

Appeal No. 426 of 2022

Suprabhat Lala

…Appellant

Versus

Securities and Exchange Board of India …Respondent

Mr. Joby Mathew, Advocate with Mr. Aditya Joby, Ms. Uttam Jaiswal and Mr. Harish Ballani, Advocates i/b Joby Mathew &

Associates for the Appellant.

WITH

Appeal No. 427 of 2022

Infotech Financials Private Limited & Ors. …Appellants

Versus

Securities and Exchange Board of India …Respondent

Mr. Zerick Dastur, Advocate with Mr. Khushil Shah, Ms.

Palak Agrawal and Mr. Anubhav Sinha, Advocates i/b Zerick Dastur Advocates for Appellants.

AND

Appeal No. 560 of 2022

Ms. Chitra Ramkrishna …Appellant

Versus

Securities and Exchange Board of India …Respondent

Mr. Suraj Chaudhary, Advocate with Mr. Manish Chhangani,