M/s. Robinhood Insurance Broker Limited vs Insurance Regulatory and Development Authority of India on 25 September 2026

IN THE SECURITIES APPELLATE TRIBUNAL

AT MUMBAI

Dated this the 25th day of September, 2026

CORAM : Justice P.S. Dinesh Kumar, Presiding Officer Ms. Meera Swarup, Technical Member Dr. Dheeraj Bhatnagar, Technical Member IRDAI Appeal No. 006 of 2026

[Along with Misc. Application No. 11 of 2026]

BETWEEN:

M/s. Robinhood Insurance Broker Limited

501-504, Sigma, Technology Street,

Hiranandani Business Park,

Powai, Mumbai – 400 076.

….. Appellant

(By Mr. Mustafa Doctor, Senior Advocate with Ms. Maithili Parikh, Mr. Naval Sharma, Mr. Anubhav Dutta, Mr. Nabeel Malik and Ms. Mansi Tyagi, Advocates i/b Tuli & Co. for the Appellant)

AND:

Insurance

Regulatory

and

Development

Authority of India

Head Office:

Sy No. 115/1, Financial District,

Nanakramguda, Gachibowli,

Hyderabad – 500 032.

…Respondent

(By

Mr.

Mihir

Mody

with

Mr.

Aavish

Shetty,

Mr. Sudhanshuman Naruka, Mr. Vijay Chockalingam and Mr. Vignesh Narayanan, Advocates i/b. M/s. K Ashar & Co.

for the Respondent-IRDAI)

THIS APPEAL IS FILED UNDER SECTION 110(1) OF THE

INSURANCE ACT, 1938 TO QUASH AND SET ASIDE THE

COMMUNICATION DATED JULY 15, 2026 ISSUED BY THE

CHIEF GENERAL MANAGER (INTERMEDIARIES), INSURANCE

REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA

(IRDAI).

THIS APPEAL COMING ON FOR HEARING THIS DAY, THE

TRIBUNAL MADE THE FOLLOWING:

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