BEFORE THE SECURITIES APPELLATE TRIBUNAL
MUMBAI
DATE : 30.04.2019
Appeal No. 133 of 2019
Invictus Stock Research Pvt. Ltd.
Near Lal Singh Advocate,
Neel Kanth Marg,
Civil Lines, Moradabad – 244001.

… Appellant
Versus
Securities and Exchange Board of India
SEBI Bhavan, Plot No. C-4A, G Block,
Bandra Kurla Complex, Bandra (East),
Mumbai – 400 051.

… Respondent
Ms. Poonam Gadkari, Advocate with Ms. Kritika Nahate, Advocate
i/b Juris Matrix Partners LLP for the Appellant.
Mr. Anubhav Ghosh, Advocate with Ms. Vidhi Jhawar, Advocate i/b
The Law Point 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 (Oral)
1.

The controversy involved in the present appeal is squarely
covered by the judgment of this Tribunal dated March 12, 2019
passed in Appeal No. 80 of 2019, North End Foods Marketing Pvt.
Ltd. & Anr. vs. Securities and Exchange Board of India and other
companion appeals. For the reasons stated therein, the impugned
order cannot be sustained and is quashed in so far as it relates to the
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appellant. The appellant shall file its objection on or before May 15,
2019. The respondent will provide the appellant an opportunity of
hearing and thereafter if the respondent finds that an interim order is
required to be passed in order to protect the securities market, it will
pass such orders in accordance with law.

Sd/Justice Tarun Agarwala
Presiding Officer
Sd/Dr. C. K. G. Nair
Member
Sd/Justice M. T. Joshi
Judicial Member
30.04.2019
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