BEFORE THE SECURITIES APPELLATE TRIBUNAL MUMBAI Date: 05.08.2020 Appeal Lodging No. 225 of 2020 Blue Bull Equities Private Limited …Appellant Versus Securities and Exchange Board of India …Respondent Mr. Deepak Dhane, Advocate i/b Corporate Pleaders for the Appellant. Mr. Abhiraj Arora, i/b ELP for the Respondent. ORDER:

1. We have heard Sri Deepak Dhane, learned counsel for the

appellant and Sri Abhiraj Arora, learned counsel for the respondent through video conference.

2. This is an illiquid stock options matter. The Securities and

Exchange Board of India (“SEBI”) has introduced a settlement scheme dated August 01, 2020. The appellant prays that he may be allowed to consider the scheme.

3. The matter is accordingly adjourned, list on August 11,

2020.

4. 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.

5. 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, Justice Tarun Agarwala TARUN 2.5.4.20=30fcf68685192bbc53e6ff1608a83fb3881de7a c2ab7954d509c85ed6e0f7c41, serialNumber=095f8b286bb0b1cd07ff676611f4f5e799 9727d404aa38ca422f9d3529bdb8a3, cn=TARUN Presiding Officer AGARWAL AGARWAL Date: 2020.08.05 18:13:27 +05'30' Dr. C.K.G. Nair Member Justice M. T. Joshi Judicial Member 05.08.2020 PK