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From SEBI's side:
Firms:Go for TLP or K Ashar. They have the most matters in SAT. However K Ashar is mostly only SAT/HC litigation while TLP has advisory, litigation and SEBI criminal prosecution. There are 3-4 more SEBI empanelled firms, which also have a decent amount of work.
Counsel: Senior Advocate Shiraz Rustomjee is a regular from SEBI's side. Incredibly intelligent lawyer who is extremely polite. For juniors, go for Sumit Rai (not sure if he takes interns, but he is omnipresent at SAT), Shreya Parikh (Shiraz's junior and equally smart).
Appellant's side
Firms: JSA, Khaitan and Trilegal always have some work but it's mostly advisory. Joby Matthews (family firm) is the most proportionate ratio of advisory/ litigation you will find, plus he handles matters at the SEBI level as well.
Counsel: Senior Advocate Pesi Modi is the only senior advocate I have seen who exclusively does SAT litigation. Ofc every other senior does drop in but Mr Modi specializes in SAT. Saved the best for the last, junior counsel, Mr Kunal Katariya is your best bet to learn SAT litigation, incredibly smart and respected.