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Securities Appellate Tribunal

Seema Kapoor vs Sebi on 24 December, 2020

BEFORE THE SECURITIES APPELLATE TRIBUNAL
                 MUMBAI

                                         Date:24.12.2020

                     Appeal No.319 of 2020

Praveen Kurele & Ors.                         ...Appellants

                 Versus

Securities and Exchange Board of India       ...Respondent

Mr. Sharan Jagtiani, Sr. Adv. with Mr. Akshay Doctor,
Advocate i/b. Mr. Vikas Bengani, Advocate for the
Appellants.

Mr. Pradeep Sancheti, Senior Advocate with Ms. Nidhi
Singh, Ms. Kinjal Bhatt and Mr. Hersh Choudhary,
Advocate i/b Vidhii Partners for the Respondent.

                     With
                     Appeal No.358 of 2020

Manish Kumar Garg                             ...Appellant

                 Versus

Securities and Exchange Board of India       ...Respondent


Mr. Vikas Bengani, Advocate for the Appellant.

Mr. Pradeep Sancheti, Senior Advocate with Ms. Nidhi
Singh, Ms. Kinjal Bhatt and Mr. Hersh Choudhary,
Advocate i/b. Vidhii Partners for the Respondent.

                     With
                     Appeal No.364 of 2020
                            2




Sanjeev Sanghi                               ...Appellant

                 Versus

Securities and Exchange Board of India     ...Respondent

Mr. Vikas Bengani, Advocate for the Appellant.

Mr. Pradeep Sancheti, Senior Advocate with Ms. Nidhi
Singh, Ms. Kinjal Bhatt and Mr. Hersh Choudhary,
Advocate i/b. Vidhii Partners for the Respondent.

                     With
                     Appeal No.365 of 2020

Pranveer Singh                               ...Appellant

                 Versus

Securities and Exchange Board of India     ...Respondent

Mr. Vikas Bengani, Advocate for the Appellant.

Mr. Pradeep Sancheti, Senior Advocate with Ms. Nidhi
Singh, Ms. Kinjal Bhatt and Mr. Hersh Choudhary,
Advocate i/b. Vidhii Partners for the Respondent.

                     With
                     Appeal No.374 of 2020

Sajan Kumar Agarwal                          ...Appellant

                 Versus

Securities and Exchange Board of India     ...Respondent

Mr. Vikas Bengani, Advocate for the Appellant.
                            3




Mr. Pradeep Sancheti, Senior Advocate with Ms. Nidhi
Singh, Ms. Kinjal Bhatt and Mr. Hersh Choudhary,
Advocate i/b. Vidhii Partners for the Respondent.

                      With
                      Appeal No.375 of 2020

Vivek Karwa                                   ...Appellant

                 Versus

Securities and Exchange Board of India     ...Respondent

Mr. Vikas Bengani, Advocate for the Appellant.

Mr. Pradeep Sancheti, Senior Advocate with Ms. Nidhi
Singh, Ms. Kinjal Bhatt and Mr. Hersh Choudhary,
Advocate i/b Vidhii Partners for the Respondent.

                      With
                      Appeal No.376 of 2020

Geeta Mishra & Anr.                           ...Appellants

                 Versus

Securities and Exchange Board of India     ...Respondent

Mr. Kunal Katariya, Advocate i/b. Vikas Bengani,
Advocate for the Appellant.

Mr. Pradeep Sancheti, Senior Advocate with Ms. Nidhi
Singh, Ms. Kinjal Bhatt and Mr. Hersh Choudhary,
Advocate i/b. Vidhii Partners for the Respondent.

                      With
                      Appeal No.377 of 2020
                            4




Sanjay Kumar                                ...Appellant

                 Versus

Securities and Exchange Board of India     ...Respondent

Mr. Vikas Bengani, Advocate for the Appellant.

Mr. Pradeep Sancheti, Senior Advocate with Ms. Nidhi
Singh, Ms. Kinjal Bhatt and Mr. Hersh Choudhary,
Advocate i/b. Vidhii Partners for the Respondent.


                     With
                     Misc. Application No.332 of 2020
                     And
                     Appeal No.323 of 2020

Som Prakash Goenka                          ...Appellant

                 Versus

Securities and Exchange Board of India     ...Respondent

Mr. Prakash Shah, Advocate with Mr. Kushal Shah, CA
i/b. Prakash Shah & Associates for the Appellant.

Mr. Pradeep Sancheti, Senior Advocate with Ms. Nidhi
Singh, Ms. Kinjal Bhatt and Mr. Hersh Choudhary,
Advocate i/b. Vidhii Partners for the Respondent.

                     With
                     Misc. Application No.334 of 2020
                     And
                     Appeal No.324 of 2020

Surendra Kumar Gupta                        ...Appellant
                            5




                 Versus

Securities and Exchange Board of India     ...Respondent

Mr. Prakash Shah, Advocate with Mr. Kushal Shah, CA
i/b. Prakash Shah & Associates for the Appellant.

Mr. Pradeep Sancheti, Senior Advocate with Ms. Nidhi
Singh, Ms. Kinjal Bhatt and Mr. Hersh Choudhary,
Advocate i/b. Vidhii Partners for the Respondent.


                     With
                     Appeal No.398 of 2020

Ashok Kumar Maheshwari & Ors.                ...Appellants

                 Versus

Securities and Exchange Board of India     ...Respondent

Mr. Vikas Bengani, Advocate for the Appellant.

Mr. Pradeep Sancheti, Senior Advocate with Ms. Nidhi
Singh, Ms. Kinjal Bhatt and Mr. Hersh Choudhary,
Advocate i/b. Vidhii Partners for the Respondent.

                     With
                     Appeal No.399 of 2020

Manoj Agarwal                                ...Appellants

                 Versus

Securities and Exchange Board of India     ...Respondent

Mr. Vikas Bengani, Advocate for the Appellant.
                            6




Mr. Pradeep Sancheti, Senior Advocate with Ms. Nidhi
Singh, Ms. Kinjal Bhatt and Mr. Hersh Choudhary,
Advocate i/b. Vidhii Partners for the Respondent.

                     With
                     Appeal No.400 of 2020

Narendra Kumar & Ors.                        ...Appellants

                 Versus

Securities and Exchange Board of India     ...Respondent

Mr. Vikas Bengani, Advocate for the Appellant.

Mr. Pradeep Sancheti, Senior Advocate with Ms. Nidhi
Singh, Ms. Kinjal Bhatt and Mr. Hersh Choudhary,
Advocate i/b. Vidhii Partners for the Respondent.

                     With
                     Appeal No.401 of 2020

Divya Agarwal                                ...Appellants

                 Versus

Securities and Exchange Board of India     ...Respondent

Mr. Vikas Bengani, Advocate for the Appellant.

Mr. Pradeep Sancheti, Senior Advocate with Ms. Nidhi
Singh, Ms. Kinjal Bhatt and Mr. Hersh Choudhary,
Advocate i/b. Vidhii Partners for the Respondent.

                     With
                     Appeal No.422 of 2020
                             7




Raghuvansh Agrofarms Ltd.                    ...Appellants

                 Versus

Securities and Exchange Board of India   ...Respondent

Mr. Saurabh Bachhawat, Advocate with Mr. Yahya
Batatawala, Advocate for the Appellant.

Mr. Pradeep Sancheti, Senior Advocate with Ms. Nidhi
Singh, Ms. Kinjal Bhatt and Mr. Hersh Choudhary,
Advocate i/b. Vidhii Partners for the Respondent.


                     With
                     Appeal No.423 of 2020

Litmus Investment Ltd.                       ...Appellant

                 Versus

Securities and Exchange Board of India   ...Respondent

Mr. Saurabh Bachhawat, Advocate with Mr. Yahya
Batatawala, Advocate for the Appellant.

Mr. Pradeep Sancheti, Senior Advocate with Ms. Nidhi
Singh, Ms. Kinjal Bhatt and Mr. Hersh Choudhary,
Advocate i/b. Vidhii Partners for the Respondent.


                     With
                     Appeal No.435 of 2020

Manisha Sharma                               ...Appellants

                 Versus
                             8




Securities and Exchange Board of India     ...Respondent

Mr. Vikas Bengani, Advocate for the Appellant.

Mr. Pradeep Sancheti, Senior Advocate with Ms. Nidhi
Singh, Ms. Kinjal Bhatt and Mr. Hersh Choudhary,
Advocate i/b. Vidhii Partners for the Respondent.

                     With
                     Appeal No.437 of 2020

Shubham Agarwal & Anr.                       ...Appellants

                 Versus

Securities and Exchange Board of India     ...Respondent

Mr. Vikas Bengani, Advocate for the Appellant.

Mr. Pradeep Sancheti, Senior Advocate with Ms. Nidhi
Singh, Ms. Kinjal Bhatt and Mr. Hersh Choudhary,
Advocate i/b. Vidhii Partners for the Respondent.

                     With
                     Appeal No.452 of 2020

Bakliwal Vyapar Pvt. Ltd.                    ...Appellants

                 Versus

Securities and Exchange Board of India     ...Respondent


Dr. S. K. Jain, Practicing Company Secretary, for the
Appellant.

Mr. Pradeep Sancheti, Senior Advocate with Ms. Nidhi
Singh, Ms. Kinjal Bhatt and Mr. Hersh Choudhary,
Advocate i/b. Vidhii Partners for the Respondent.
                               9




                         With
                         Appeal No.453 of 2020

Deepak Kumar Agarwal                             ...Appellant

                  Versus

Securities and Exchange Board of India       ...Respondent

Mr. Vikas Bengani, Advocate for the Appellant.

Mr. Pradeep Sancheti, Senior Advocate with Ms. Nidhi
Singh, Ms. Kinjal Bhatt and Mr. Hersh Choudhary,
Advocate i/b. Vidhii Partners for the Respondent.


                         With
                         Appeal No.462 of 2020

Jasmine Commodities Pvt. Ltd.                    ...Appellant

                  Versus

Securities and Exchange Board of India       ...Respondent


Dr. S. K. Jain, Practicing Company Secretary, for the
Appellant.

Mr. Pradeep Sancheti, Senior Advocate with Ms. Nidhi
Singh, Ms. Kinjal Bhatt and Mr. Hersh Choudhary,
Advocate i/b. Vidhii Partners for the Respondent.

                         With
                         Appeal No.463 of 2020

Aviral Industries Ltd.                           ...Appellant
                           10




                 Versus

Securities and Exchange Board of India     ...Respondent


Dr. S. K. Jain, Practicing Company Secretary, for the
Appellant.

Mr. Pradeep Sancheti, Senior Advocate with Ms. Nidhi
Singh, Ms. Kinjal Bhatt and Mr. Hersh Choudhary,
Advocate i/b. Vidhii Partners for the Respondent.


                     With
                     Appeal No.480 of 2020

Seema Kapoor                                 ...Appellant

                 Versus

Securities and Exchange Board of India     ...Respondent

Mr. Vikas Bengani, Advocate for the Appellant.

Mr. Pradeep Sancheti, Senior Advocate with Ms. Nidhi
Singh, Ms. Kinjal Bhatt and Mr. Hersh Choudhary,
Advocate i/b. Vidhii Partners for the Respondent.

                     With
                     Misc. Application No.501 of 2020
                     And
                     Appeal No.501 of 2020

Vinay Kumar Agarwal                          ...Appellant

                 Versus
                               11




Securities and Exchange Board of India          ...Respondent

Mr. Vikas Bengani, Advocate for the Appellant.

Mr. Pradeep Sancheti, Senior Advocate with Ms. Nidhi
Singh, Ms. Kinjal Bhatt and Mr. Hersh Choudhary,
Advocate i/b. Vidhii Partners for the Respondent.


Order:

1.

All these appeals will now be listed for admission and for final disposal on 12th February, 2021. In the meanwhile affidavits may be exchanged. It is made clear that no further time would be allowed for exchange of pleadings on the next date.

2. Parties are directed to contact the Registrar 48 hours before the date fixed to find out as to whether the hearing would take place through video conferencing or through physical hearing.

3. The present matter was heard through video conference due to Covid-19 pandemic. At this stage it is not possible to sign a copy of this order nor a certified copy of this order could be issued by the registry. In these circumstances, this order will be 12 digitally signed by the Private Secretary on behalf of the bench and all concerned parties are directed to act on the digitally signed copy of this order. Parties will act on production of a digitally signed copy sent by fax and/or email.

Justice Tarun Agarwala Presiding Officer RAJALAKS Digitally signed by RAJALAKSHMI H NAIR HMI H NAIR Date: 2020.12.28 15:45:17 +05'30' Dr. C.K.G. Nair Member Justice M.T. Joshi Judicial Member 24.12.2020 RHN