Comfort Intech Ltd. Vs Securities and Exchange Board of India

BEFORE THE SECURITIES APPELLATE TRIBUNAL MUMBAI Date:1.12.2020 Misc. Application No.467 of 2020 And Appeal Lodging No.475 of 2020 Comfort Intech Ltd. …Appellant Versus Securities and Exchange Board of India …Respondent Mr. Alok Tiwari, Advocate with Ms. Dakshayani Saxena, Ms. Neha Sonawane, Ms. Dhwani Shah, Advocates i/b. Vis Legis Law Practice and Mr. Ravindra Kumar Sharma, Authorised Representative for the Appellant. Mr. Kevic Setalvad, Senior Advocate with Mr. Mihir Mody, Mr. Arnav Misra and Mr. Shehaab Roshan, Advocates i/b. K. Ashar & Co. for the Respondent. Order:

1. There is a delay of 27 days in filing the appeal. For

the reasons stated in the application, the delay in filing the appeal is condoned. Misc. Application no.467 of 2020 is allowed.

2. We have heard Mr. Alok Tiwari, Advocate assisted

by Ms. Dakshayani Saxena, Ms. Neha Sonawane, Ms. Dhwani Shah, Advocates and Mr. Ravindra Kumar Sharma, Authorised Representative for the Appellant and Mr. Kevic Setalvad, Senior Advocate assisted by Mr. Mihir Mody, Mr. Arnav Misra and Mr. Shehaab Roshan, Advocates for the Respondent.

3. Two weeks time is allowed to the respondent to file

reply. A week thereafter to the appellant to file rejoinder. The matter would be listed on 24th December, 2020 alongwith Appeal nos.399, 400 and 407 of 2020.

4. In the meanwhile, if the appellant deposits a sum of

Rs.10 lakhs within three weeks from today the balance amount shall not be recovered during the pendency of the appeal.

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=30fcf68685192bbc53e6ff1608a83fb3881d e7ac2ab7954d509c85ed6e0f7c41, Justice Tarun Agarwala serialNumber=095f8b286bb0b1cd07ff676611f4f5e 7999727d404aa38ca422f9d3529bdb8a3, cn=TARUN AGARWAL AGARWAL Date: 2020.12.01 15:43:23 +05'30' Presiding Officer Justice M.T. Joshi Judicial Member 1.12.2020 RHN