0479-2025 Mr. Falgun Makwana vs SEBI

SAT · Final order

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BEFORE THE SECURITIES APPELLATE TRIBUNAL MUMBAI Date : 09.01.2026

Appeal No. 14 of 2025 Jay Bhavsar ... Appellant Versus

Securities & Exchange Board of India … Respondent Advocate for the Appellant. Ms. Khushbu Chhajed, Advocate with Ms. Rasika Ghate, Ms. Khushbu Trivedi, Advocates i/b MDP Legal for the Respondent.

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Source: SecMarx — 0479-2025 Mr. Falgun Makwana 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.