Securities Appellate Tribunal
Kaushik Jayendra Solanki vs SEBI on 19 December 2025
BEFORE THE SECURITIES APPELLATE TRIBUNAL
MUMBAI
Date: 19.12.2025
Appeal No. 1002 of 2022
Kaushik Jayendra Solanki
… Appellant
Versus
Securities and Exchange Board of India
… Respondent
Mr. Deepak Dhane, Advocate i/b Corporate Pleaders for the Appellant.
Ms. Nidhi Singh, Advocate with Ms. Komal Shah, Mr. Nishin Shrikhande, Advocates i/b Vidhii Partners for the Respondent.
With
Appeal No. 1003 of 2022
Jignesh Rajendra Kumar Jain
… Appellant
Versus
Securities and Exchange Board of India
… Respondent
Mr. Deepak Dhane, Advocate i/b Corporate Pleaders for the Appellant.
Ms. Nidhi Singh, Advocate with Ms. Komal Shah, Mr. Nishin Shrikhande, Advocates i/b Vidhii Partners for the Respondent.
With
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Appeal No. 1004 of 2022
And
Misc. Application No. 925 of 2023
Abhay Javlekar
… Appellant
Versus
Securities and Exchange Board of India
… Respondent
Ms. Avinka Kedar, Advocate i/b Triad Law Chambers for the Appellant.
Ms. Nidhi Singh, Advocate with Ms. Komal Shah, Mr. Nishin Shrikhande, Advocates i/b Vidhii Partners for the Respondent.
With
Appeal No. 13 of 2023
Yatin Vasantari Parekh
… Appellant
Versus
Securities and Exchange Board of India
… Respondent
Mr. Harsh Kesharia, Advocate for the Appellant.
Ms. Nidhi Singh, Advocate with Ms. Komal Shah, Mr. Nishin Shrikhande, Advocates i/b Vidhii Partners for the Respondent.
ORDER :
1. When the matter was heard yesterday, learned advocate for the appellants had made a request that the amount recovered from the appellants may be placed in an interest bearing account.
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2. Today, on instructions, Ms. Nidhi Singh, learned advocate for the respondent submitted that as per the norms followed by the SEBI the money recovered is kept in an interest bearing account. Her submission is placed on record.
3. By consent, call on January 13, 2026.
Justice P. S. Dinesh Kumar Presiding Officer
Dr. Dheeraj Bhatnagar Technical Member 19.12.2025 PTM MRS PRAMILA Digitally signed by MRS PRAMILA Date: 2025.12.19 18:12:41 +05'30'
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