IL & FS Securities Services Limited vs SEBI on 29 September 2026

IN THE SECURITIES APPELLATE TRIBUNAL

AT MUMBAI

Date: 29.09.2026

Appeal No. 575 of 2021

[Along with Misc. Application No. 711 of 2026]

IL & FS Securities Services Limited

…Appellant

Versus

Securities and Exchange Board of India …Respondent

Mr. Shrey Sancheti, Advocate with Mr. Niket Mehta and Mr.

Varun

Udhwani,

Advocates

i/b

Cyril

Amarchand

Mangaldas for the Appellant.

Ms. Komal Shah, Advocate with Ms. Nidhi Singh and Mr. Arav Doss, Advocates i/b Vidhii Partners for the Respondent.

WITH

[Along with Misc. Application Nos. 99 of 2024]

IL & FS Securities Services Limited

…Appellant

Versus

NSE Clearing Limited

…Respondent

Mr. Shrey Sancheti, Advocate with Mr. Niket Mehta and Mr.

Varun

Udhwani,

Advocates

i/b

Cyril

Amarchand

Mangaldas for the Appellant.

Mr. K.C. Jacob, Advocate with Mr. Shourya Tanay, Advocate i/b Economic Laws Practice for the Respondent.

2

AND

Appeal No. 13 of 2022

[Along with Misc. Application Nos. 1439 of 2021

And Misc. Application No. and 543 of 2022

And Misc. Application No. 566 of 2025 and 710 of 2026]

Allied Financial Services Private Limited & Anr. …Appellants

Versus

Securities and Exchange Board of India …Respondent

Mr. Divyanshu Goyal, Advocate with Mr. Satyam Gyan, Advocate for Appellants.

Ms. Komal Shah, Advocate with Ms. Nidhi Singh and Mr. Arav Doss, Advocates i/b Vidhii Partners for the Respondent.