0469-2023 HDB Financial Services Limited vs SEBI and Another

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IN THE SECURITIES APPELLATE TRIBUNAL

AT MUMBAI

Date: 14.10.2025 Appeal No. 469 of 2023 HDB Financial Services Limited …Appellant Versus Securities and Exchange Board of India & Anr. …Respondents Mr. Deepak Dhane, Advocate i/b Corporate Pleaders for the Appellant. Mr. Pradeep Sancheti, Senior Advocate with Mr. Mihir Mody, Mr. Karthik K.P, Mr. Aavish Shetty and Mr. Vijay Chockalingam, Advocates i/b. M/s. K. Ashar & Co. for the Respondent. ORDER:

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Source: SecMarx — 0469-2023 HDB Financial Services Limited vs SEBI and Another. 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.