Securities Appellate Tribunal
Rajvi Naresh shah vs Securities and Exchange Board of India on 11 September 2026
BEFORE THE SECURITIES APPELLATE TRIBUNAL
MUMBAI
Date: 11.09.2026
Appeal No. 295 of 2026
And
Misc. Application No. 854 of 2026
Rajvi Naresh Shah
….. Appellant
Versus
Securities & Exchange Board of India
… Respondent
Ms. Rinku Valanju, Advocate i/b R. V. Legal for the Appellant.
Ms. Prachi Pandya, Advocate with Ms. Nidhi Singh, Ms. Komal Shah, Advocates i/b Vidhii Partners for the Respondent.
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ORDER:
1. For reasons stated therein, Misc. Application No.854 of 2026, is allowed, delay of 17 days in filing the appeal is condoned; and the Misc. Application No. 854 of 2026 is disposed of.
2. Admit.
3. Respondent is allowed six weeks to file reply. Rejoinder, if any, be filed within three weeks thereafter.
4. Ms. Rinku Valanju, learned advocate for the appellant submitted that the facts of this case are similar to Appeal No. 271 of 2026 and the same order may be passed. Learned advocate for the respondent has no objection.
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4. There shall be stay of the impugned order subject to deposit of full penalty within four weeks from today and the same shall be kept in an interest bearing account.
5. Post this appeal along with Appeal No. 271 of 2026, on 16.12.2026.
Justice P. S. Dinesh Kumar Presiding Officer
Ms. Meera Swarup Technical Member
Dr. Dheeraj Bhatnagar Technical Member 11.09.2026 PTM
MRS PRAMILA Digitally signed by MRS PRAMILA Date: 2026.09.11 15:36:41 +05'30'