BEFORE THE SECURITIES APPELLATE TRIBUNAL
MUMBAI
Date of Decision: 08.04.2019
Appeal No. 110 of 2019
APMV Stocks and Commodities Pvt. Ltd.
B-51/I-B, II nd Floor, Lawrence Road,
Industrial Area,
Delhi- 110 035
…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
Ms. Gulnar Mistry, Advocate with Mrs. Nidhi Singh, Advocate
i/b Vidhi Partners for the Appellant.
Mr. J. P. Sen Senior Advocate with Mr. Anubhav Ghosh and
Ms. Vidhi Jhawar, Advocate i/b The Law Point for the
Respondent.

CORAM: Justice Tarun Agarwala, Presiding Officer
Dr. C.K.G. Nair, Member
Justice M. T. Joshi, Judicial Member
Per: Justice Tarun Agarwala (Oral)
1.

The controversy involved in the present appeal is squarely
covered by the decision of this Tribunal in North End Foods
2
Marketing Pvt. Ltd. and Anr. V/s Securities and Exchange
Board of India in Appeal No. 80 of 2019 and companion
appeals decided on 12.03.2019. In the light of the aforesaid, the
impugned order in so far as it relates to the appellant is quashed
and the appeal is allowed.

2.

We direct the appellant to file their objections before the
Whole Time Member of Securities and Exchange Board of
India on or before April 30, 2019. The respondent will provide
the appellant an opportunity of hearing and thereafter if the
respondent finds that an interim is required to be passed in the
order to protect the securities market, it will pass such orders in
accordance with law.

Sd/Justice Tarun Agarwala
Presiding Officer
Sd/Dr. C.K.G. Nair
Member
Sd/Justice M. T. Joshi
Judicial Member
08.04.2019
Prepared & Compared By: PK