BEFORE THE SECURITIES APPELLATE TRIBUNAL MUMBAI Date of Decision: 6.8.2020 Misc. Application No.214 of 2020 (Application for Urgency) Misc. Application No. 215 of 2020 (Application for Stay) And Appeal Lodging No.223 of 2020 Yatin B. Shah … Appellant Versus Securities and Exchange Board of India …Respondent Mr. Vinay Chauhan, Advocate with Mr. K.C. Jacob, Advocate i/b. Corporate Law Chambers India for the Appellant Mr. Kevic Setalvad, Senior Advocate with Mr. Vivek Shah and Ms. Sneha Prabhu, Advocates i/b. M/s. ELP for the Respondent. CORAM: Justice Tarun Agarwala, Presiding Officer Dr. C.K.G. Nair, Member Justice M.T. Joshi, Judicial Member Per : Justice Tarun Agarwala, Presiding Officer
1. Connect with Appeal Lodging No.199 of 2020 APL
Infrastructure Private Ltd. vs SEBI and Appeal Lodging No.195 of 2020 Sanjay Gupta vs. SEBI.
2. Three weeks time is allowed to the Respondent to file
reply. Two weeks thereafter to the Appellant to file rejoinder. The matter would be listed on 21st September,
2020. Misc. Application No.214 of 2020 is accordingly
disposed of.
3. We find that interim orders were passed in the aforesaid
appeals APL Infrastructure Private Ltd. vs SEBI and Sanjay Gupta vs. SEBI. We are of the opinion that the Appellant is also entitled for a similar relief.
4. We consequently direct that in the meanwhile the effect
and operation of the impugned order in so far as it relates to the Appellant shall remain stayed till the next date of hearing. Misc. Application No.215 of 2020 is disposed of accordingly.
5. Parties are directed to contact the Registrar 48 hours
before the date fixed to find out as to whether the hearing would take place through video conferencing 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 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=30fcf68685192bbc53e6ff1608a83fb3881de7ac2ab795 4d509c85ed6e0f7c41, serialNumber=095f8b286bb0b1cd07ff676611f4f5e7999727d40 Justice Tarun Agarwala 4aa38ca422f9d3529bdb8a3, cn=TARUN AGARWAL AGARWAL Date: 2020.08.06 17:50:22 +05'30' Presiding Officer Dr. C. K. G. Nair Member Justice M.T. Joshi Judicial Member 6.8.2020 RHN