BEFORE THE SECURITIES APPELLATE TRIBUNAL MUMBAI Date: 02.12.2020 Misc. Application No. 418 of 2020 (Delay Application) And Appeal Lodging No. 424 of 2020 Powerhouse Fitness Ltd. & Ors. …Appellants Versus Securities and Exchange Board of India …Respondent Mr. Saurabh Bacchawat, Advocate with Mr. Harsh Kesharia, Advocate for the Appellants. Mr. Abhiraj Arora, Advocate i/b. ELP for the Respondent. ORDER:

1. We have heard Mr. Saurabh Bacchawat, learned counsel

for the appellants and Mr. Abhiraj Arora, learned counsel for the respondent through video conference.

2. There is delay of 33 days in filing the appeal. For the

reasons stated in the application, the delay is condoned. The Miscellaneous Application is allowed.

3. Three weeks time is allowed to the respondent to file a

reply. Two weeks thereafter to the appellants to file rejoinder. The matter would be listed for final disposal on January 11, 2021.

4. Parties are directed to take instructions from the Registrar

48 hrs. 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. Justice Tarun Agarwala Digitally signed by TARUN AGARWAL DN: c=IN, o=PUBLIC WORKS DEPARTMENT UTTAR PRADESH, postalCode=221505, st=Uttar Pradesh, Presiding Officer TARUN 2.5.4.20=30fcf68685192bbc53e6ff1608a83fb3881de7ac2 ab7954d509c85ed6e0f7c41, serialNumber=095f8b286bb0b1cd07ff676611f4f5e79997 27d404aa38ca422f9d3529bdb8a3, cn=TARUN AGARWAL AGARWAL Date: 2020.12.02 16:05:51 +05'30' Justice M. T. Joshi Judicial Member 02.12.2020 PK