Mr. Suprabhat Lala vs SEBI & Another on 8 September 2026

BEFORE THE SECURITIES APPELLATE TRIBUNAL

MUMBAI

Date : 08.09.2026

Appeal No. 328 of 2019

Mr. Suprabhat Lala

…Appellant

Versus

Securities and Exchange Board of India & Anr. …Respondents

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

With

Appeal No. 329 of 2019

Infotech Financials Private Limited & Ors.

…Appellants

Versus

Securities and Exchange Board of India & Anr. …Respondents

Mr. Janak Dwarkadas, Senior Advocate and Mr. Zerick Dastur, Advocate i/b Zerick Dastur Advocates for the Appellant

Advocates i/b The Law Point for the Respondent No. 1– SEBI.

With

Appeal No. 330 of 2019

Ajay Shah

…Appellant

Versus

Securities and Exchange Board of India & Anr. …Respondents

Mr. Janak Dwarkadas, Senior Advocate and Mr. Zerick Dastur, Advocate i/b Zerick Dastur Advocates for the Appellant

Advocates i/b The Law Point for the Respondent No. 1– SEBI.

With

Appeal No. 332 of 2019

Ravi Narain

…Appellant

Versus

Securities and Exchange Board of India & Anr. …Respondents

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

Advocates i/b The Law Point for the Respondent No. 1– SEBI.

With

Appeal No. 338 of 2019

Ms. Chitra Ramakrishna

…Appellant

Versus

Securities and Exchange Board of India & Anr.

…Respondents

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

With

Appeal No. 409 of 2022

Ravi Narain

…Appellant

Versus

Securities and Exchange Board of India & Anr. …Respondents

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

With

Appeal No. 425 of 2022

Ajay Shah

…Appellant

Versus

Securities and Exchange Board of India & Anr. …Respondents

Mr. Janak Dwarkadas, Senior Advocate and Mr. Zerick Dastur, Advocate i/b Zerick Dastur Advocates for the Appellant

With

Appeal No. 426 of 2022

Suprabhat Lala

…Appellant

Versus

Securities and Exchange Board of India & Anr. …Respondents

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

With

Appeal No. 427 of 2022

Infotech Financials Private Limited & Ors.

…Appellants

Versus

Securities and Exchange Board of India & Anr. …Respondents

Mr. Janak Dwarkadas, Senior Advocate and Mr. Zerick Dastur, Advocate i/b Zerick Dastur Advocates for the Appellant

Advocates i/b The Law Point for the Respondent No. 1– SEBI.

AND

Appeal No. 560 of 2022

Ms. Chitra Ramakrishna

…Appellant

Versus

Securities and Exchange Board of India & Anr.

…Respondents

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

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