Securities Appellate Tribunal
Inventure Growth And Securities ... vs Sebi on 21 April, 2025
BEFORE THE SECURITIES APPELLATE TRIBUNAL
MUMBAI
Date : 21.04.2025
Appeal No. 201 of 2020
And
Misc. Application No. 754 of 2021
Inventure Growth & Securities Ltd. ... Appellant
Versus
Securities & Exchange Board of India ...Respondent
Mr. Kunal Katariya, Advocate with Mr. Sahebrao Wamanrao Buktare, Ms. Ashmita
Goradia, Advocates and Mr. Shardul Shah, CA i/b Shah & Ramaiya, Chartered Accountants
for the Appellant.
Mr. Mihir Mody, Advocate with Mr. Yash Sutaria, Mr. Tushar Bansode, Advocates i/b K.
Ashar & Co. for the Respondent.
With
Appeal No. 205 of 2020
Sanjay Gupta ....Appellant
Versus
Securities & Exchange Board of India .... Respondent
Ms. Nirali Mehta, Advocate with Mr. Suyash Bhandari, Mr. Juan D'Souza, Advocates i/b.
Mindspright Legal for the Appellant.
Mr. Mihir Mody, Advocate with Mr. Yash Sutaria, Mr. Tushar Bansode, Advocates i/b K.
Ashar & Co. for the Respondent.
With
Appeal No. 208 of 2020
APL Infrastructure Pvt. Ltd. ..... Appellant
Versus
Securities and Exchange Board of India ... Respondent
Ms. Nirali Mehta, Advocate with Mr. Suyash Bhandari, Mr. Juan D'Souza, Advocates i/b.
Mindspright Legal for the Appellant.
2
Mr. Mihir Mody, Advocate with Mr. Yash Sutaria, Mr. Tushar Bansode, Advocates i/b K.
Ashar & Co. for the Respondent.
With
Appeal No. 216 of 2020
Deepak Thakkar ..... Appellant
Versus
Securities and Exchange Board of India ... Respondent
Ms. Nirali Mehta, Advocate with Mr. Suyash Bhandari, Mr. Juan D'Souza, Advocates i/b.
Mindspright Legal for the Appellant.
Mr. Mihir Mody, Advocate with Mr. Yash Sutaria, Mr. Tushar Bansode, Advocates i/b K.
Ashar & Co. for the Respondent.
With
Appeal No. 227 of 2020
Yatin B. Shah ..... Appellant
Versus
Securities and Exchange Board of India ... Respondent
Mr. Vinay Chouhan, Advocate with Mr. Anand Kankani, CS i/b Kankani & Associates for
the Appellant.
Mr. Mihir Mody, Advocate with Mr. Yash Sutaria, Mr. Tushar Bansode, Advocates i/b K.
Ashar & Co. for the Respondent.
With
Appeal No. 228 of 2020
Hardik Mithani & Anr. ..... Appellants
Versus
Securities and Exchange Board of India ... Respondent
Mr. Vinay Chouhan, Advocate with Mr. Anand Kankani, CS i/b Kankani & Associates for
the Appellants.
Mr. Mihir Mody, Advocate with Mr. Yash Sutaria, Mr. Tushar Bansode, Advocates i/b K.
Ashar & Co. for the Respondent.
3
With
Appeal No. 239 of 2020
Rakesh Sharma ..... Appellant
Versus
Securities and Exchange Board of India ... Respondent
Mr. Ravichandra Hegde, Advocate with Ms. Parinaz Bharucha, Mr. Kandarp Trivedi,
Advocates i/b RHP Partners for the Appellant.
Mr. Mihir Mody, Advocate with Mr. Yash Sutaria, Mr. Tushar Bansode, Advocates i/b K.
Ashar & Co. for the Respondent.
With
Appeal No. 242 of 2020
Dharmesh Shah ..... Appellant
Versus
Securities and Exchange Board of India ... Respondent
Ms. Nirali Mehta, Advocate with Mr. Suyash Bhandari, Mr. Juan D'Souza, Advocates i/b.
Mindspright Legal for the Appellant.
Mr. Mihir Mody, Advocate with Mr. Yash Sutaria, Mr. Tushar Bansode, Advocates i/b K.
Ashar & Co. for the Respondent.
With
Appeal No. 568 of 2020
Nikhil Securities Pvt. Ltd. ..... Appellant
Versus
Securities and Exchange Board of India ... Respondent
Mr. Kushal Shah, CA i/b Ketan Rupani & Co. for the Appellant.
Mr. Mihir Mody, Advocate with Mr. Yash Sutaria, Mr. Tushar Bansode, Advocates i/b K.
Ashar & Co. for the Respondent.
With
Appeal No. 485 of 2021
And
Misc. Application No. 800 of 2021
4
Rakesh Sharma ..... Appellant
Versus
Securities and Exchange Board of India ... Respondent
Mr. Ravichandra Hegde, Advocate with Ms. Parinaz Bharucha, Mr. Kandarp Trivedi,
Advocates i/b RHP Partners for the Appellant.
Mr. Mihir Mody, Advocate with Mr. Yash Sutaria, Mr. Tushar Bansode, Advocates i/b K.
Ashar & Co. for the Respondent.
With
Appeal No. 566 of 2021
Inventure Growth & Securities Ltd. ... Appellant
Versus
Securities & Exchange Board of India ...Respondent
Mr. Kunal Katariya, Advocate with Mr. Sahebrao Wamanrao Buktare, Ms. Ashmita
Goradia, Advocates and Mr. Shardul Shah, CA i/b Shah & Ramaiya, Chartered Accountants
for the Appellant.
Mr. Mihir Mody, Advocate with Mr. Yash Sutaria, Mr. Tushar Bansode, Advocates i/b K.
Ashar & Co. for the Respondent.
With
Appeal No. 567 of 2021
APL Infrastructure Pvt. Ltd. ..... Appellant
Versus
Securities and Exchange Board of India ... Respondent
Ms. Nirali Mehta, Advocate with Mr. Suyash Bhandari, Mr. Juan D'Souza, Advocates i/b.
Mindspright Legal for the Appellant.
Mr. Mihir Mody, Advocate with Mr. Yash Sutaria, Mr. Tushar Bansode, Advocates i/b K.
Ashar & Co. for the Respondent.
With
Appeal No. 568 of 2021
Sanjay Gupta ..... Appellant
Versus
5
Securities and Exchange Board of India ... Respondent
Ms. Nirali Mehta, Advocate with Mr. Suyash Bhandari, Mr. Juan D'Souza, Advocates i/b.
Mindspright Legal for the Appellant.
Mr. Mihir Mody, Advocate with Mr. Yash Sutaria, Mr. Tushar Bansode, Advocates i/b K.
Ashar & Co. for the Respondent.
With
Appeal No. 607 of 2021
Deepak Thakkar ..... Appellant
Versus
Securities and Exchange Board of India ... Respondent
None for the Appellant
Mr. Mihir Mody, Advocate with Mr. Yash Sutaria, Mr. Tushar Bansode, Advocates i/b K.
Ashar & Co. for the Respondent.
ORDER :
1. Learned advocate for the both sides submit that this batch of appeals require about 5 consecutive dates. By consent, call on August 18, 2025, August 19, 2025, August 21, 2025, August 22, 2025 and August 25, 2025.
Justice P. S. Dinesh Kumar Presiding Officer Ms. Meera Swarup Technical Member Dr. Dheeraj Bhatnagar Technical Member 21.04.2025 MRS PRAMILA Digitally signed by MRS PRAMILA Date: 2025.04.22 15:44:25 +05'30' PTM