BEFORE THE SECURITIES APPELLATE TRIBUNAL
MUMBAI

Misc. Application No. 131 of 2012
And
Appeal No. 181 of 2012

    Date of Decision: 12.09.2012     

Almondz Global Securities Limited
2nd Floor, 3 Scindia House, Janpath,
New Delhi- 110 001

                                    ……Appellant 

Versus

Securities and Exchange Board of India
SEBI Bhavan, Plot No. C-4A, G-Block,
Bandra Kurla Complex,
Mumbai

                                …… Respondent 

Mr. Zal Andhyarujina, Advocate with Mr. Ajai Achuthan, Advocate for the Appellant.
Mr. Mobin Shaikh, Advocate for the Respondent.
CORAM : P.K. Malhotra, Member & Presiding Officer (Offg.)
S.S.N. Moorthy, Member
Per : P.K. Malhotra (Oral)

The appeal has been filed against the ex -parte ad interim order passed by the
whole time member of the Securities and Exchange Boar d of India (the Board) on
December 28, 2011 whereby the appellant, alongwith some other entities, was
prohibited from taking up any new assignmen t or involvement in any new issue of
capital including IPO, follow on issue etc. from the securities market in any manner
whatsoever from the date of the order till further directions. The said order was also
treated as show cause notice to the appellant.

2. The grievance of the appellant is that inspite of its reply to the show cause notice
   and later personal hearing on May 7, 2012, the Board has failed to pass any final order
   and the appellant is being deprived of carrying out its business activities. The appellant,
   therefore, prays that the impugned order be set aside. 2
3. Learned counsel for the Board has pla ced on record an order dated
   September 11, 2012 which has been passed by the Board after considering the reply
   filed by the appellant. By the said order the direction issued by the Board in its ex-parte
   ad interim order dated December 28, 2011 against the appellant has been confirmed.
   Since the Board has already passed the conf irmatory order, as stated above, the
   appeal against the ex-parte ad interim order has become infructuous.

The miscellaneous application as well as the appeal are dismissed as
infructuous.

                      Sd/-                       
                        P.K.Malhotra 
                             Member & 
                        Presiding Officer  (Offg.) 

    Sd/- 
        S.S.N. Moorthy 
              Member 

12.09.2012
Prepared & Compared By: Pk