0815-2023 Bhargav Panchal and Another vs SEBI

SAT · Listing / cause-list

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

Full text

IN THE SECURITIES APPELLATE TRIBUNAL

AT MUMBAI

Date: 09.12.2025 Appeal No. 815 of 2023 Bhargav Panchal & Anr. …Appellants Versus Securities and Exchange Board of India …Respondent Mr. Tejas Madhavi, Advocate with Ms. Poorvi Pramod Jain, CS i/b Mr. Vikas Bengani, Advocate for the Appellants. Ms. Khushbu Chhajed, Advocate with Mr. Nishit Dhruva, Ms. Rasika Ghate and Ms. Khushbu Trivedi, Advocates i/b. MDP Legal, Advocates for the Respondent. ORDER:

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Source: SecMarx — 0815-2023 Bhargav Panchal and Another 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.