Securities Appellate Tribunal
Share India Securities Limited vs Sebi on 3 November, 2025
IN THE SECURITIES APPELLATE TRIBUNAL
MUMBAI
Date: 03.11.2025
Appeal No. 116 of 2025
[Along with Misc. Application Nos. 232, 233 and 881 of
2025]
Pace Stock Broking Services Private Limited ...Appellant
Versus
Securities and Exchange board of India ...Respondent
Ms. Yugandhara Khanwilkar, Advocate with Ms. Ragini
Singh, Ms. Priya Rai, Ms. Sanjana Salvi and Mr. Rohan
Phadke, Advocates i/b ThinkLaw Advocates for the
Appellant.
Mr. Manish Chhangani, Advocate with Mr. Sumit Yadav,
Mr. Abhay Chauhan and Mr. Atul Agrawal, Advocates i/b The
Law Point for the Respondent-SEBI.
With
Appeal No. 117 of 2025
[Along with Misc. Application Nos. 235, 236, 237 and 880 of
2025]
Share India Securities Limited ...Appellant
Versus
Securities and Exchange board of India ...Respondent
Ms. Yugandhara Khanwilkar, Advocate with Ms. Ragini
Singh, Ms. Priya Rai, Ms. Sanjana Salvi and Mr. Rohan
Phadke, Advocates i/b ThinkLaw Advocates for the
Appellant.
Mr. Manish Chhangani, Advocate with Mr. Sumit Yadav,
Mr. Abhay Chauhan and Mr. Atul Agrawal, Advocates i/b The
Law Point for the Respondent-SEBI.
2
With
Appeal No. 118 of 2025
[Along with Misc. Application Nos. 238, 239, 240, 648 and
875 of 2025]
Adroit Financial Services Pvt. Ltd ...Appellant
Versus
Securities and Exchange board of India ...Respondent
Ms. Yugandhara Khanwilkar, Advocate with Ms. Ragini
Singh, Ms. Priya Rai, Ms. Sanjana Salvi and Mr. Rohan
Phadke, Advocates i/b ThinkLaw Advocates for the
Appellant.
Mr. Manish Chhangani, Advocate with Mr. Sumit Yadav,
Mr. Abhay Chauhan and Mr. Atul Agrawal, Advocates i/b The
Law Point for the Respondent-SEBI.
With
Appeal No. 119 of 2025
[Along with Misc. Application Nos. 241, 242, 243 and 879 of
2025]
SMC Global Securities Limited ...Appellant
Versus
Securities and Exchange board of India ...Respondent
Ms. Yugandhara Khanwilkar, Advocate with Ms. Ragini
Singh, Ms. Priya Rai, Ms. Sanjana Salvi and Mr. Rohan
Phadke, Advocates i/b ThinkLaw Advocates for the
Appellant.
Mr. Manish Chhangani, Advocate with Mr. Sumit Yadav,
Mr. Abhay Chauhan and Mr. Atul Agrawal, Advocates i/b The
Law Point for the Respondent-SEBI.
3
And
Appeal No. 120 of 2025
[Along with Misc. Application Nos. 244, 245, 246 and 882 of
2025]
Yug Securities Pvt. Ltd. ...Appellant
Versus
Securities and Exchange board of India ...Respondent
Ms. Yugandhara Khanwilkar, Advocate with Ms. Ragini
Singh, Ms. Priya Rai, Ms. Sanjana Salvi and Mr. Rohan
Phadke, Advocates i/b ThinkLaw Advocates for the
Appellant.
Mr. Manish Chhangani, Advocate with Mr. Sumit Yadav,
Mr. Abhay Chauhan and Mr. Atul Agrawal, Advocates i/b The
Law Point for the Respondent-SEBI.
ORDER:
Mr. Manish Chhangani, learned advocate for the respondent submits that the arguing counsel Mr. Shiraz Rustomjee, learned senior advocate is unwell. Call on November 20, 2025.
Justice P. S. Dinesh Kumar Presiding Officer Ms. Meera Swarup Technical Member Dr. Dheeraj Bhatnagar Technical Member 03.11.2025 PRERNA MANISH KHARE Digitally signed by PRERNA MANISH KHARE Date: 2025.11.06 16:29:50 +05'30' PK