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    <title>2025 (11) TMI 535 - THE SECURITIES APPELLATE TRIBUNAL, MUMBAI (LB)</title>
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    <description>SAT, Mumbai directed the appellant to deposit 50% of Rs.14,39,36,026.47 with SEBI as condition for interim relief. The tribunal noted the appellant&#039;s suspension and prior ex-parte directions to impound assets; appellant may liquidate shares to meet the deposit requirement. The dispute over whether UPSI commenced on December 4, 2023 or March 4, 2025 was considered but the tribunal ordered the interim deposit to meet ends of justice while the appellant files replies and participates in proceedings.</description>
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      <description>SAT, Mumbai directed the appellant to deposit 50% of Rs.14,39,36,026.47 with SEBI as condition for interim relief. The tribunal noted the appellant&#039;s suspension and prior ex-parte directions to impound assets; appellant may liquidate shares to meet the deposit requirement. The dispute over whether UPSI commenced on December 4, 2023 or March 4, 2025 was considered but the tribunal ordered the interim deposit to meet ends of justice while the appellant files replies and participates in proceedings.</description>
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