Securities Appellate Tribunal
Sanjay Gupta vs SEBI on 22 September 2026
BEFORE THE SECURITIES APPELLATE TRIBUNAL
MUMBAI
Date: 22.09.2026
Appeal No. 205 of 2020
Sanjay Gupta
….Appellant
Versus
Securities & Exchange Board of India
…. Respondent
Ms. Supriya Nair, Advocate i/b. Mindspright Legal for the Appellant.
Mr. Mihir Mody, Advocate with Mr. Vijay Chockalingam, Mr. Aavish Shetty, Mr. Sudhanshuman Naruka, Mr. Vignesh Narayanan, Advocates i/b K. Ashar & Co. for the Respondent.
With
Appeal No. 208 of 2020
APL Infrastructure Private Limited
….. Appellant
Versus
Securities and Exchange Board of India
… Respondent
Ms. Supriya Nair, Advocate i/b. Mindspright Legal for the Appellant.
Mr. Mihir Mody, Advocate with Mr. Vijay Chockalingam, Mr. Aavish Shetty, Mr. Sudhanshuman Naruka, Mr. Vignesh Narayanan, Advocates i/b K. Ashar & Co. for the Respondent.
With
Appeal No. 216 of 2020
Deepak Thakkar
... Appellant
Versus
Securities and Exchange Board of India
… Respondent
Mr. Mihir Mody, Advocate with Mr. Vijay Chockalingam, Mr. Aavish Shetty, Mr. Sudhanshuman Naruka, Mr. Vignesh Narayanan, Advocates i/b K. Ashar & Co. for the Respondent.
With
Appeal No. 227 of 2020
Yatin B. Shah
….. Appellant
Versus
Securities and Exchange Board of India
… Respondent
Mr. Vinay Chauhan, Advocate with Mr. Anand Kankani, CS, Ms. Muskan Kadiwar, CS and Ms. Payal Lad, Ms. Vedica Gaggar, Ms. Vedika Sharma, Advocates i/b. A Kankani &
Associates for the Appellant.
Mr. Mihir Mody, Advocate with Mr. Vijay Chockalingam, Mr. Aavish Shetty, Mr. Sudhanshuman Naruka, Mr. Vignesh Narayanan, Advocates i/b K. Ashar & Co. for the Respondent.
With
Appeal No. 228 of 2020
Hardik Mithani & Anr.
... Appellants
Versus
Securities and Exchange Board of India
… Respondent
Mr. Vinay Chauhan, Advocate with Mr. Anand Kankani, CS, Ms. Muskan Kadiwar, CS and Ms. Payal Lad, Ms. Vedica Gaggar, Ms. Vedika Sharma, Advocates i/b A Kankani &
Associates for the Appellants.
Mr. Mihir Mody, Advocate with Mr. Vijay Chockalingam, Mr. Aavish Shetty, Mr. Sudhanshuman Naruka, Mr. Vignesh Narayanan, Advocates i/b K. Ashar & Co. for the Respondent.
With
Appeal No. 242 of 2020
Dharmesh Shah
….. Appellant
Versus
Securities and Exchange Board of India
… Respondent
Ms. Supriya Nair, Advocate i/b. Mindspright Legal for the Appellant.
Mr. Mihir Mody, Advocate with Mr. Vijay Chockalingam, Mr. Aavish Shetty, Mr. Sudhanshuman Naruka, Mr. Vignesh Narayanan, Advocates i/b K. Ashar & Co. for the Respondent.
With
Appeal No. 567 of 2021
APL Infrastructure Pvt. Ltd.
….. Appellant
Versus
Securities and Exchange Board of India
… Respondent
Ms. Supriya Nair, Advocate i/b. Mindspright Legal for the Appellant.
Mr. Mihir Mody, Advocate with Mr. Vijay Chockalingam, Mr. Aavish Shetty, Mr. Sudhanshuman Naruka, Mr. Vignesh Narayanan, Advocates i/b K. Ashar & Co. for the Respondent.
With
Appeal No. 568 of 2021
Sanjay Gupta
….. Appellant
Versus
Securities and Exchange Board of India
… Respondent
Ms. Supriya Nair, Advocate i/b. Mindspright Legal for the Appellant.
Mr. Mihir Mody, Advocate with Mr. Vijay Chockalingam, Mr. Aavish Shetty, Mr. Sudhanshuman Naruka, Mr. Vignesh Narayanan, Advocates i/b K. Ashar & Co. for the Respondent.
With
Appeal No. 607 of 2021
Mr. Deepak Thakkar
….. Appellant
Versus
Securities and Exchange Board of India
… Respondent
Mr. Mihir Mody, Advocate with Mr. Vijay Chockalingam, Mr. Aavish Shetty, Mr. Sudhanshuman Naruka, Mr. Vignesh Narayanan, Advocates i/b K. Ashar & Co. for the Respondent.
Citations and Judicial Treatment
Cited by
0
Decisions in the index citing it
Cites
0
Decisions referred to
In this index
0
Of the decisions it cites
Overruled / Questioned
0
No negative treatment found
Loading the citing and cited decisions…
This judgment in the centre: on the left the decisions it cites, on the right the decisions citing it. Colour is the treatment; choose a decision to open it.
ORDER :
1. Ms. Supriya Nair, learned advocate for the appellants in Appeal Nos. 205 of 2020, 208 of 2020, 242 of 2020, 567 of 2021 and 568 of 2021 submits that written submissions have been uploaded.
2. Ms. Muskan Kadiwar, learned authorized representative for the appellants in Appeal Nos. 227 of 2020 and 228 of 2020 submits that written submissions have been uploaded.
3. None appears for the appellant in Appeal Nos. 607 of 2021 and 216 of 2020.
4. Mr. Mihir Mody, learned advocate for the respondent submits that written submission on behalf of the SEBI have been uploaded and physical copies have been filed.
5. Call on 07.10.2026.
[
Justice P. S. Dinesh Kumar Presiding Officer
Dr. Dheeraj Bhatnagar Technical Member 22.09.2026 VPM
MRS PRAMILA Digitally signed by MRS PRAMILA Date: 2026.09.23 15:49:21 +05'30'