Securities Appellate Tribunal
Sunil kalot vs SECURITIES AND EXCHANGE BOARD OF INDIA on 26 October 2026
BEFORE THE SECURITIES APPELLATE TRIBUNAL
MUMBAI
Date : 26.10.2026
Appeal No. 382 of 2026
[Along with Misc. Application Nos. 1075 & 1097 of 2026]
Sunil Kalot
…Appellants
Versus
Securities and Exchange Board of India
…Respondent
Mr. Saurabh Bachhawat, Advocate i/b Corporate Pleaders for the Appellant.
Mr. Sumit Rai, Advocate with Mr. Abhishek Nair and Ms. Sayali Kshirsagar, Advocates i/b Mansukhlal Hiralal & Co.
for Respondent – SEBI.
ORDER:
For the reasons stated therein, Misc. Application No. 1097 of 2026 seeking condonation of delay of 2 days in filing the appeal is allowed and disposed of.
2. Admit.
3. Misc. Application No. 1075 of 2026 for exemption is allowed and disposed of.
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4. Respondent is granted six weeks to file reply and three weeks thereafter to the appellant to file rejoinder.
4. Learned Advocate for the appellant does not press for any interim order at this stage with liberty to mention, if need arises.
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5. As prayed, post along with Appeal No. 356 of 2026 on 20.01.2027.
Justice P.S. Dinesh Kumar
Presiding Officer
Ms. Meera Swarup Technical Member
Dr. Dheeraj Bhatnagar Technical Member 26.10.2026 msb
MADHUKAR BHALBAR Digitally signed by MADHUKAR BHALBAR Date: 2026.10.27 11:13:05 +05'30'
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