Securities Appellate Tribunal
GAURAV JAIN vs Securities and Exchange Board of India on 16 October 2026
BEFORE THE SECURITIES APPELLATE TRIBUNAL
MUMBAI
Date : 16.10.2026
Appeal No. 359 of 2026
[Along with Misc. Application Nos. 1031 & 1032 of 2026]
Gaurav Jain
…Appellant
Versus
Securities and Exchange Board of India
…Respondents
Mr. Vikas Bengani, Advocate for the Appellant.
Mr. Sumit Rai, Advocate with Mr. Abhishek Nair and Ms. Sayali Kshirsagar, Advocates, i/b Mansukhlal Hiralal & Co.
for the Respondent-SEBI.
ORDER:
Admit.
2. Application No. 1032 of 2026 seeking exemption is allowed and disposed of.
3. Respondent is granted six weeks to file reply and three weeks thereafter to the appellant to file rejoinder.
5. Mr. Vikas Bengani, learned Advocate for the appellant does not press for any interim order at this stage with liberty to mention if need arises.
2
6. Post along with Appeal No. 355 of 2026 on 20.01.2027.
Justice P.S. Dinesh Kumar
Presiding Officer
Ms. Meera Swarup Technical Member
Dr. Dheeraj Bhatnagar Technical Member 16.10.2026 msb
MADHUKAR BHALBAR Digitally signed by MADHUKAR BHALBAR Date: 2026.10.23 11:30:33 +05'30'
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