0413-2025 JSI Investment Pvt. Ltd and Ors. vs SEBI

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

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IN THE SECURITIES APPELLATE TRIBUNAL AT MUMBAI

Date: 25.02.2026 Appeal No. 413 of 2025 JSI Investment Pvt. Ltd and Ors. …Appellants Versus Securities and Exchange Board of India …Respondent Mr. Pesi Modi, Senior Advocate with Mr. Tomu Francis, Mr. Pranav Sampat, Mr. Arka Saha, Ms. Zarnaab Aswad, Mr. Tarun Toprani, and Mr. Neville Lashkari, Advocates i/b Khaitan & Co. for Appellant Nos. 1 to 4. Mr. Sumit Rai, Advocate with Ms. Nidhi Singh, Ms. Komal Shah and Mr. Nishin Shrikhande, Advocates i/b Vidhii Partners for the Respondent. ORDER: By consent, call on April 17, 2026.

Justice P. S. Dinesh Kumar

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