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Gauriben Ramesh Kumar Jadhav vs Sebi

Securities Appellate Tribunal13 April 2026

Ratio decidendi

The rule this decision rests on

The order does not give reasons on any substantive legal question. It records that the appellant's representative contended the ICAI debarment bars only audit work and not appearances before the Tribunal, and then directs the appellant's representative to inform the appellants in listed cases to arrange alternative representation, without stating any principle on whether or to what extent a debarred Chartered Accountant may appear before the Tribunal. NO_RATIO: The order contains no stated reasoning on any legal principle; it is a procedural direction requiring the debarred representative's clients to make alternative arrangements, with the scope of the debarment left unresolved.

Written by Miss Lucy from the judgment below, not taken from a headnote.

Judgment

As delivered

BEFORE THE SECURITIES APPELLATE TRIBUNAL MUMBAI Date : 13.04.2026 Appeal No. 102 of 2026 [Along with Misc. Application Nos. 319 & 320 of 2026] Gauriben Ramesh Kumar Jadhav ...Appellant Versus Securities and Exchange Board of India ...Respondent Mr. Ram Awatar Dhoot for the Appellant. Mr. Manish Chhangani, Advocate with Mr. Sumit Yadav, Mr. Abhay Chauhan and Mr. Atul Agrawal, Advocates i/b The Law Point for the Respondent-SEBI. ORDER: Mr. Manish Chhangani, learned Advocate for SEBI has filed order dated February 5, 2026 passed by the Disciplinary Committee [Bench-I (2025-26)] of The Institute of Chartered Accountants of India ('ICAI' for short) removing Mr. Ram Awatar Dhoot's name from the Register of Members as Chartered Accountant and imposing a fine of Rs.1 Lakh. He has also filed a list of 41 cases in which Mr. Dhoot has appeared after debarment and three appeals filed by him after February 5, 2026. 2. Mr. Dhoot submitted that debarment order is only for conducting audits and he is not barred from appearing before this Tribunal. 3. We have perused the order passed by the ICAI. It shows that Mr. Dhoot's name was removed from the Register of Members as Chartered Accountant for a period of three months.

4. Even without reference to the debarment order, we had requested Mr. Dhoot to engage the services of a practicing Advocate to address this Tribunal. In view of the order passed by ICAI, we direct Mr. Dhoot to inform the appellants in following cases to make alternative arrangement for appearance in this Tribunal: Sr. Appeal Date of Case Name No. No. Hearing 1. Motilal Makhalal 139/2025 13.02.2026 2. Sunil Lodha HUF 153/2025 13.02.2026 3. NLM Trading 208/2025 13.02.2026 4. Sunita Rani Handa 210/2025 13.02.2026 5. Jet Air Agencies Pvt. Ltd. 216/2025 13.02.2026 6. Urvashi Bansal 217/2025 13.02.2206 7. Usha Bansal 218/2025 13.02.2026 8. Naresh Agarwal 220/2025 13.02.2026 9. Rahul Khandelwal 224/2025 13.02.2205 10. Subhranshu Roy HUF 227/2025 13.02.2026 11. Sanjay Kumar Kochar 236/2025 13.02.2026 12. Enarzier Commerce P. Ltd. 242/2025 13.02.2026 13. Priti Rajesh Katira 254/2025 13.02.2026 14. Megha Nibhwani 267/2025 13.02.2026 15. Aditya Sah 282/2025 13.02.2026 16. Encord Trading 288/2025 13.02.2026 17. Sunil Ludhiyani HUF 332/2025 13.02.2026 18. Subhasish Roy 362/2025 13.02.2026 19. Jeevan Kumar Agarwal 363/2025 13.02.2026 & 16.02.2026 20. Mukesh Agarwal 379/2025 13.02.2026 21. Pankaj Kumar Aggarwal 476/2025 13.02.2026 HUF 22. Deva Anand Agrawal 501/2025 13.02.2026 23. Poonam Charan Gupta 530/2025 13.02.2026 24. Kamla Jain 572/2025 13.02.2026 25. Chandra Lakshmi Safety RA No. 13.02.2025 Glass 27/2025 & 10.03.2026 26. Chakdana Motors RA No. 13.02.2026 15/2025 & 10.03.2026 27. Kamaljeet Kaur RA No. 13.02.2026 7/2025 & 10.03.2026 3 28. Hans Homes Pvt. Ltd. RA No. 13.02.2026 14/2025 & 10.03.2026 29. Sridhar Preservers P Ltd. RA No. 13.02.2026 12/2025 & 10.03.2026 30. Honey Gupta RA No. 13.02.2026 13/2025 & 10.03.2026 31. Mamta Gupta RA No. 13.02.2026 11/2025 & 10.03.2026 32. Rakesh Kumar Bansal RA No. 13.02.2026 16/2025 & 10.03.2026 33. Skyrail Logistics Pvt. Ltd. RA No. 13.02.2026 8/2025 & 10.03.2026 34. Anita Agarwal RA No. 13.02.2026 9/2025 & 10.03.2026 35. Pawan Kumar Agarwal RA No. 13.02.2026 10/2025 & 10.03.2026 36. Navneet Kothar HUF 31/2026 16.02.2026 37. Manju Devi Poddar 88/2025 20.02.2026, 27.02.2026 & 10.03.2026 38. Sandip Agarwal RA No. 20.02.2026, 4/2026 27.02.2026 & 10.03.2026 39. Madhu Inderlal Gerela RA No. 20.02.2026, 3/2026 27.02.2026 & 10.03.2026 40. Bimla Devi Agarwal 25/2026 10.03.2026 41. Moutview Barter Pvt. Ltd. 91/2026 20.03.2026 B. Appeals filed after February 5, 2026: Sr.

Appeal Date of Case Name No. No. Hearing 1. Navneet Kothari 31/2026 10.02.2026 2. Moutview Barter Pvt. Ltd. 91/2026 16.03.2026 3. Gauriben Ramesh Kumar 102/2026 23.03.2026 Justice P.S. Dinesh Kumar Presiding Officer Ms. Meera Swarup Technical Member Dr. Dheeraj Bhatnagar Technical Member 13.04.2026 MADHUKAR Digitally signed by MADHUKAR BHALBAR BHALBAR Date: 2026.04.17 15:40:19 +05'30' msb

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