BEFORE THE SECURITIES APPELLATE TRIBUNAL
MUMBAI

                           Appeal No. 165 of 2011 

                                Date of decision: 11.1.2012 

Indra Gulati
D-300, Anand Vihar,
Delhi – 110 092.

      ……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 

Mr. Sajeve Deora, Chartered Accountant for the Appellant.
Mr. Prateek Seksaria, Advocate with Mr. Mobin Shaikh, Advocate for the
Respondent.
CORAM : P. K. Malhotra, Member
S. S. N. Moorthy, Member

Per : P. K. Malhotra, Member
For orders see Appeal no. 185 of 2011 decided on 11.1.2012.

                    Sd/- 
                          P. K. Malhotra 
                                 Member   

Sd/-
S. S. N. Moorthy
Member
11.1.2012
Prepared & Compared by
ptm