Mr. Suprabhat Lala vs SEBI & Another on 30 October 2026

IN THE SECURITIES APPELLATE TRIBUNAL

AT MUMBAI

Date: 30.10.2026

Appeal No. 328 of 2019

Mr. Suprabhat Lala

…Appellant

Versus

Securities and Exchange Board of India & Anr. …Respondents

Mr. Joby Mathew, Advocate and Ms. Uttam Jaiswal, Advocate i/b Joby Mathew and Associates, for the Appellant.

With

Appeal No. 329 of 2019

Infotech Financials Private Limited & Ors. …Appellants

Versus

Securities and Exchange Board of India & Anr. …Respondents

Mr. Khushil Shah, Advocate for the Appellants.

With

Appeal No. 330 of 2019

Ajay Shah …Appellant

Versus

Securities and Exchange Board of India & Anr. …Respondents

Mr. Khushil Shah, Advocate for the Appellant.

With

Appeal No. 332 of 2019

Ravi Narain

…Appellant

Versus

Securities and Exchange Board of India & Anr. …Respondents

Mr. Robin Shah, Advocate and Mr. Udaysingh Kashid, Advocate i/b Bodhi Legal, for the Appellant.

Mr. Shiraz Rustomjee, Senior Advocate with Mr. Manish

Chhangani, Mr. Karthik K.P and Mr. Devya Shah, Advocates,

With

Appeal No. 338 of 2019

Ms. Chitra Ramakrishna …Appellant

Versus

Securities and Exchange Board of India & Anr. …Respondents

Ms. S. Priya, Advocate for the Appellant.

Mr. Suraj Chaudhary, Advocate with Mr. Manish Chhangani, Mr. Karthik K.P and Mr. Devya Shah, Advocates, i/b The Law Point, for the Respondent – SEBI.

With

Appeal No. 409 of 2022

Mr. Ravi Narain …Appellant

Versus

Securities and Exchange Board of India & Anr. …Respondents

Mr. Robin Shah, Advocate and Mr. Udaysingh Kashid, Advocate i/b Bodhi Legal, for the Appellant.

With

Appeal No. 425 of 2022

Mr. Ajay Shah

…Appellant

Versus

Securities and Exchange Board of India & Anr. …Respondents

Mr. Zerick Dastur, Advocate for the Appellant.

With

Appeal No. 426 of 2022

Suprabhat Lala …Appellant

Versus

Securities and Exchange Board of India & Anr. …Respondents

Mr. Joby Mathew, Advocate and Ms. Uttam Jaiswal, Advocate i/b Joby Mathew and Associates, for the Appellant.

With

Appeal No. 427 of 2022

Infotech Financials Private Limited & Ors. …Appellants

Versus

Securities and Exchange Board of India & Anr. …Respondents

Mr. Zerick Dastur, Advocate for the Appellants.

And

Appeal No. 560 of 2022

Ms. Chitra Ramkrishna …Appellant

Versus

Securities and Exchange Board of India & Anr. …Respondents

Ms. S. Priya, Advocate for the Appellant.

Mr. Suraj Chaudhary, Advocate with Mr. Manish Chhangani, Mr. Karthik K.P and Mr. Devya Shah, Advocates i/b The Law Point, for the Respondent – SEBI.