BEFORE THE SECURITIES APPELLATE TRIBUNAL
MUMBAI
Appeal No.186 of 2012
With
Misc. Application No.144 of 2012
Date of decision: 29.10.2012
M/s. Dynamic Stock Broking (I) Pvt. Ltd.
101/102, Shreeji Sharan,
Above ICICI Bank,
Shantilal Modi Road,
Kandivali (West),
Mumbai – 400 067. … Appellant
Versus
Securities and Exchange Board of India
SEBI Bhavan, Plot No.C4-A, G-Block,
Bandra Kurla Complex,
Mumbai – 400 051. … Respondents
Mr. Rajesh Khandelwal, Advocate with Ms. Deepika Matagi,
Advocate for the Appellant.
Mr. Shiraz Rustomjee, Senior Advocate with Ms. Harshada Nagare,
Advocate for the Respondent.
CORAM : P. K. Malhotra, Member & Presiding Officer ( Offg .)
S. S. N. Moorthy, Member
Per : P. K. Malhotra (Oral)
This order will dispose of two Appeals no. 186 and 187 of 2012.
- In view of the statements made by the counsel for the parties, it is not
necessary for us to record f acts of the case. Suffice it to say that in Appeal no.186 of
2012, learned counsel for the appellant waives his right of personal hearing and prays
that the Board may be directed to pass a final order expeditiously. Learned senior
counsel for the Board, on instructions, states that the Board will be in a position to pass
a final order in the matter within a period of four weeks. 2 - In Appeal no. 187 of 2012, a personal hearing has already been granted and the
documents required by the Board have also been supplied by the appellant. Learned
senior counsel for the Board, on instructions, states that the Board will be in a position
to pass a final order in the matter within a period of four weeks in this case also. - In view of the above, the Board is di rected to pass a fina l order in both the
matters within a period of four weeks from today. - Misc. Applications also stand disposed of accordingly.
No costs.Sd/- P. K. Malhotra Member & Presiding Officer ( Offg.) Sd/- S.S.N. Moorthy Member
29-10-2012
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