THE SECURITIES APPELLATE TRIBUNAL MUMBAI
Judgement on:30th Aug, 2021
Hidden description
| Act |
The Securities and Exchange Board of India Act, 1992 |
| Rule |
- |
| Regulation |
- |
| Scheme |
- |
| Case Number |
APPEAL NO. 511/2019 |
| Appellant |
JLG SECURITIES PVT. LTD. |
| Respondent |
SECURITIES AND EXCHANGE BOARD OF INDIA |
| Citation |
- |
| Judgement By |
MULTIPLE JUDGES |
| Judges |
Mr. Tarun Agarwala / M. T. Joshi |
| Head Note |
- |
| Case Title |
THE SECURITIES APPELLATE TRIBUNAL MUMBAI |
| Case Description |
- We have heard the learned counsel for parties. The applications for placing the additional grounds and documents are allowed. Necessary addition / correction be carried out in the memo of appeal within a week.
- A fresh stay application has been filed by the appellants seeking stay of the impugned order on the ground that during the pendency of the appeals the salary accounts of the appellants have been frozen pursuant to the impugned order. An objection has been raised by the respondent that this application has not been served upon them. It has also been stated that a representation filed by the appellants is being considered by the 7 Recovery Officer and suitable orders would be passed within a week.
- In view of the aforesaid, we adjourn the proceedings today directing the appellants to ensure that the fresh stay applications filed by them are served upon the respondent within 24 hours from today. The Recovery Officer will also pass appropriate order on the representation of the appellants and communicate the same to the Tribunal on or before the next date fixed.
- List the matter for final disposal on September 7, 2021.
- Parties are directed to take instructions from the Registrar 48 hours before the date fixed in order to find out as to whether the matter would be taken up for hearing through video conference or through physical hearing. 6. The present matter was heard through video conference due to Covid-19 pandemic. At this stage it is not possible to sign a copy of this order nor could a certified copy of this order be issued by the registry. In these circumstances, this order will be digitally signed by the Private Secretary on behalf of the bench and all concerned parties are directed to act on the digitally 8 signed copy of this order. Parties will act on production of a digitally signed copy sent by fax and/or email.
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