Securities Appellate Tribunal
Cinema Capital Advisory Private Limited & Others vs SEBI on 31 August 2026
IN THE SECURITIES APPELLATE TRIBUNAL
AT MUMBAI
Date: 31.08.2026
Appeal No. 277 of 2025
[Along with Misc. Application Nos. 663, 664 & 844 of 2025]
Cinema Capital Advisory Private Limited &
Ors.
…Appellant
Versus
Securities and Exchange Board of India
…Respondent
Naik Naik & Co. for Appellants.
WITH
Appeal No. 278 of 2025
[Along with Misc. Application Nos. 665 & 666 of 2025]
Amrit Lal Suri
…Appellant
Versus
Securities and Exchange Board of India
…Respondent
Naik Naik & Co. for the Appellant.
AND
Appeal No. 279 of 2025
[Along with Misc. Application Nos. 660 & 661 of 2025]
Shashanka Ghosh
…Appellant
Versus
Securities and Exchange Board of India
…Respondent
Naik Naik & Co. for the Appellant.
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ORDER:
Learned advocate for the appellants submitted that the fund has been directed to be wound up. However, the appellants have made arrangement for additional funds from one of its creditors as per the directions of the Hon’ble Bombay High Court. He submitted that if that money is received it will increase the quantum of refund which the investors may receive. He sought four weeks to report further progress. He submitted that the valuation report is expected by tomorrow.
2. Learned advocate for SEBI submitted that on the last date of hearing this Tribunal has recorded that this appeal requires expeditious hearing because the fund has to be wound up.
3. Keeping in view the above development, as a last chance, time is granted to the appellants to report the development or to argue the matter on the next date of hearing.
4. Call on October 08, 2026.
Justice P.S. Dinesh Kumar
Presiding Officer
Ms. Meera Swarup Technical Member
Dr. Dheeraj Bhatnagar Technical Member 31.08.2026 PK
PRERNA MANISH KHARE Digitally signed by PRERNA MANISH KHARE Date: 2026.09.01 11:58:35 +05'30'