BEFORE THE SECURITIES APPELLATE TRIBUNAL
MUMBAI
Appeal No. 48 of 2011
Date of Decision : 26.04.2011
M/s. C.R. Jain & Co.
Stock & Share Brokers through its
Proprietor Smt. Chand Rani Jain
having Office at 142-B, Katra Mashru,
Dariba Kalan, Chandni Chowk,
Delhi – 110 006.
…Appellant Versus
1) Securities and Exchange Board of India
SEBI Bhavan, Plot No. C-4A, G-Block,
Bandra-Kurla Complex, Bandra (East),
Mumbai – 400 051.
2) Delhi Stock Exchange Ltd.
DSE House, 3/1, Asaf Ali Road,
New Delhi – 110 002.
…Respondents
Mr. Ravikumar Varanasi, Advocate with Mr. Deepak Rane, Advocate for the
Appellant.
Dr. Poornima Advani, Advocate with Mr. Aj ay Khaire and Mr. Anshuman Kaushik,
Advocates for Respondent no. 1.
None for Respondent no. 2.
CORAM : Justice N.K. Sodhi, Presiding Officer
P.K. Malhotra, Member
S.S.N. Moorthy, Member
Per : Justice N.K. Sodhi, Presiding Officer (Oral)
The dispute herein is in regard to the broke r fee payable by the appellant.
An enquiry was held in which the liability of the appellant was determined and it is
fairly stated before us that copy of th e enquiry report was not furnished to the
appellant nor was she associated with the e nquiry. In this view of the matter, we set
aside the impugned order qua the appellant and remit the case back to the whole time
2
member for passing a fresh order in accordance with law after furnishing a copy of
the enquiry report and allowing the appellant to file her reply, if any. Since the matter
is more than 5 years old, we direct that the final order be passed expeditiously but not
later than August 31, 2011. The appeal stands disposed of as above with no order as
to costs.
Sd/- Justice N.K. Sodhi
Presiding Officer
Sd/-
P.K. Malhotra
Member
Sd/-
S.S.N. Moorthy
Member 26.4.2011
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