Mr. Darshan Bakul Shah

2 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Stay of recovery granted subject to Noticee Nos. 3 and 4 depositing 50% of the penalty amount within four weeks from 22 June 2026

SAT-appeal

SAT matter SATV-1FAA5044369FE0B2C673A9DD
Stay of recovery granted subject to Noticee Nos. 3 and 4 depositing 50% of the penalty amount within four weeks from 22 June 2026 · Deposited amount to be placed by SEBI in an interest-bearing account
Appeal: Appeal No. 180 of 2026; order dated 22 June 2026; recovery stayed conditionally; next listed on 25 August 2026
SAT matter SATV-9188FAD89D9E59F1D2C73D3D
Appeal No. 104 of 2026 stands disposed of as nothing further survives · Misc. Application No. 327 of 2026 and pending interlocutory applications disposed of
Appeal: Appeal No. 104 of 2026 filed under Section 15T disposed of on 6 April 2026

Analyse these matters in Ontology · Plans

Source: SecMarx — Mr. Darshan Bakul Shah. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (charges, outcomes, appeal chain) is cited to us.