Securities Appellate Tribunal
Anand sagar real estates private limited vs Securities and Exchange Board of India & Others on 27 October 2026
BEFORE THE SECURITIES APPELLATE TRIBUNAL
MUMBAI
Date: 27.10.2026
Appeal No. 387 of 2026
And
Misc. Application No. 1108 of 2026
And
Misc. Application No. 1109 of 2026
Anand Sagar Real Estates Private Limited … Appellant
Versus
Securities and Exchange Board of India & Ors.
…Respondents
Mr. Manoj Munshi, Senior Advocate with Mr. Kunal Katariya, Advocate for the Appellant.
Mr. Manish Chhangani, Advocate with Mr. Karthik K.P, Ms. Sanskrity Purohit, Mr. Devya Shah, Advocates i/b. The Law Point for the Respondent Nos. 1 (SEBI).
None for the Respondent Nos. 2 (Justice (Retd.) R. M. Lodha Committee).
None for the Respondent Nos. 3 (PACL Ltd.).
None for the Respondent Nos. 4 (T C Developers Pvt. Ltd.).
None for the Respondent Nos. 5 (Shiv Mahima Township Pvt. Ltd.).
ORDER :
1. Misc. Application No.1108 of 2026 for urgency has worked for itself and it is disposed of.
2. Mr. Manish Chhangani, learned advocate for the respondent submits that the facts of this appeal are slightly different from PACL matters and seeks time to complete instructions.
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3. Mr. Manoj Munshi, learned Senior Advocate for the appellant submits that the auction was scheduled yesterday.
4. By ad-interim direction, it is ordered that if any bid were received, auction sale shall not be confirmed without the leave of this Tribunal till the next date of hearing.
5. Call on December 3, 2026.
Justice P. S. Dinesh Kumar Presiding Officer
Ms. Meera Swarup Technical Member
Dr. Dheeraj Bhatnagar Technical Member 27.10.2026 VPM MRS PRAMILA Digitally signed by MRS PRAMILA Date: 2026.10.28 17:03:35 +05'30'
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