0208-2025 NLM Trading Pvt. Ltd. vs SEBI

SAT · Final order

Reviewed by Varun Matlani, Advocate — Securities Lawyer practicing in SAT and SEBI

Full text

Date: 13.02.2026 Appeal No. 208 of 2025 [Along with Misc. Application Nos. 411 and 412 of 2025] NLM Trading Pvt. Ltd. …Appellant Versus Securities and Exchange Board of India …Respondent Mr. Ram Awatar Dhoot, Authorised Representative for the Appellant. Mr. Manish Chhangani, Advocate with Mr. Sumit Yadav, Mr. Abhay Chauhan, Mr. Atul Agrawal, Advocates i/b The Law Point for the Respondent-SEBI. ORDER:

IN THE SECURITIES APPELLATE TRIBUNAL

AT MUMBAI

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Source: SecMarx — 0208-2025 NLM Trading Pvt. Ltd. vs SEBI. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.