BEFORE THE SECURITIES APPELLATE TRIBUNAL MUMBAI Date : 03.08.2020 Appeal Lodging No. 214 of 2020 Ashlar Securities Pvt. Ltd. ….. Appellant Versus Securities and Exchange Board of India … Respondent Ms. Rishika Harish, Advocate with Mr. Aditya Bhansali, Advocate and Ms. Mayuri Thakkar, Practicing Company Secretary i/b Mindspright Legal for the Appellant. Mr. Abhiraj Arora, Advocate i/b ELP for the Respondent. ORDER:

1. The present appeal relates to illiquid stock option matters. We

have been informed that SEBI has introduced a Settlement Scheme 2020 which came into effect from August 1, 2020 and is open till October 31, 2020. The learned counsel for the appellant contends that the appellant would like to consider the scheme and may settle the matter under the said scheme.

2. We accordingly adjourn the matter and direct that the matter

would be listed on August 11, 2020 on which date the appellant may make its decision known to the Tribunal.

3. Parties will seek instructions from the Registrar 48 hrs. before

the date fixed on the issue whether the parties will be heard by the physical hearing or by video conference depending upon the prevailing situation on that time.

4. 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 a certified copy of this order could be issued by the Registry. In these circumstances, this order will be digitally signed by the Presiding Officer on behalf of the bench and all concerned parties are directed to act on the digitally signed copy of this order. Parties will act on production of a digitally signed copy sent by fax and/or email. Digitally signed by TARUN AGARWAL DN: c=IN, o=PUBLIC WORKS DEPARTMENT UTTAR PRADESH, postalCode=221505, st=Uttar Pradesh, TARUN 2.5.4.20=30fcf68685192bbc53e6ff1608a83fb3881d e7ac2ab7954d509c85ed6e0f7c41, serialNumber=095f8b286bb0b1cd07ff676611f4f5e Justice Tarun Agarwala 7999727d404aa38ca422f9d3529bdb8a3, cn=TARUN AGARWAL AGARWAL Date: 2020.08.03 13:50:18 +05'30' Presiding Officer Dr. C. K. G. Nair Member Justice M. T. Joshi Judicial Member 03.08.2020 PTM