Arun Panchariya vs SEBI on 3 November 2026

IN THE SECURITIES APPELLATE TRIBUNAL

AT MUMBAI

Date: 03.11.2026

…Appellant

Versus

Mr. Sumit Rai, Advocate a/w Mr. Akash Jain, Mr. Abhishek Nair, Mr. Divyang Salvi and Ms. Sayali Kshirsagar, Advocates i/b Mansukhlal Hiralal & Co. for the Respondent.

WITH

…Appellant

Versus

Mr. JP Sen, Senior Advocate with Mr. Mihir Mody, Mr. Vijay Chockalingam, Mr. Aavish Shetty, Mr. Sudhanshuman Naruka and Mr. Vignesh Narayanan, Advocates i/b. M/s. K.

Ashar & Co. for the Respondent.

WITH

…Appellant

Versus

Securities and Exchange Board of India …Respondent

2

Mr. J P Sen, Senior Advocate with Mr. Akash Jain, Mr. Abhishek Nair, Mr. Divyang Salvi and Ms. Sayali Kshirsagar, Advocates i/b Mansukhlal Hiralal & Co. for the Respondent.

AND

…Appellant

Versus

Mr. Sumit Rai, Advocated with Mr. Mihir Mody, Mr. Vijay Chockalingam, Mr. Aavish Shetty, Mr. Sudhanshuman Naruka and Mr. Vignesh Narayanan, Advocates i/b. M/s. K.

Ashar & Co. for the Respondent.