Sandeep Ghate vs SEBI on 30 September 2026

BEFORE THE SECURITIES APPELLATE TRIBUNAL

MUMBAI

Date: 30.09.2026

Appeal No. 542 of 2025

And

Misc. Application No. 1349 of 2025

Sandeep Ghate

….. Appellant

Versus

Securities & Exchange Board of India

… Respondent

Mr. Pesi Modi, Senior Advocate with Mr. Neville Lashkari, Mr.

Joby Mathew, Mr. Harish Ballani, Ms. Uttam Jaiswal, Advocates i/b Joby Mathew & Associates for the Appellant.

Mr.

Ravishekhar

Pandey,

Advocate

i/b

Agama

Law

With

Appeal No. 543 of 2025

And

Misc. Application No. 1350 of 2025

Instafin Financial Advisors LLP

….. Appellant

Versus

Securities & Exchange Board of India … Respondent Mr. Pesi Modi, Senior Advocate with Mr. Neville Lashkari, Mr.

Joby Mathew, Mr. Harish Ballani, Ms. Uttam Jaiswal, Advocates i/b Joby Mathew & Associates for the Appellant.

Mr.

Ravishekhar

Pandey,

Advocate

i/b

Agama

Law

Associates for the Respondent.

With

Droneacharya Aerial Innovations Ltd.

….. Appellants

2

& Ors.

Versus

Securities & Exchange Board of India … Respondent Mr. Vedchetan Patil, Advocate for the Appellants.

Mr.

Ravishekhar

Pandey,

Advocate

i/b

Agama

Law

Associates for the Respondent.