BEFORE THE SECURITIES APPELLATE TRIBUNAL
MUMBAI
Date of Decision: 07.01.2019
Misc. Application No. 387 of 2018
And
Appeal No. 434 of 2018
1. Bharat Dahanukar
21, Khushnuma Apartments,
29 M L Dahanukar Marg,
Mumbai- 400 026
2. Vishwajit Dahanukar
21, Khushnuma Apartments,
29 M L Dahanukar Marg,
Mumbai- 400 026
…Appellants
Versus
1. BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street,
Mumbai- 400 001
2. Good Value Marketing Company Limited
3rd Floor, Industrial Assurance Building,
Churchgate,
Mumbai- 400 020, Maharashtra
…Respondents
Mr. Mustafa Doctor, Senior Advocate with Ms. Rakshita Poddar,
Mr. Jitesh Maheshwari, Advocates i/b Mindspright Legal for Appellants.
Mr. Tomu Francis, Advocate i/b Khaitan & Co. for Respondents.
CORAM: Justice Tarun Agarwala, Presiding Officer
Dr. C.K.G. Nair, Member
Per: Justice Tarun Agarwala (Oral)
1.

The delay in filing the appeal is condoned. One of the arguments
raised by the learned counsel for the appellants is that the appellants were
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not heard and that they were not promoters. The learned counsel for the
respondent on instructions states that in the event the appellants make a
representation annexing the relevant evidence that the appellants were not
promoters, the respondent would consider the same and pass an
appropriate order within six weeks after giving an opportunity of hearing.

2.

In the light of the aforesaid, the appeal is disposed of with a
direction that the appellants shall file a representation within two weeks
from today. The respondent shall decide the representation within six
weeks thereafter after giving an opportunity of hearing.

3.

The appeal as well as the Miscellaneous Application is disposed of
with no order as to costs.

Sd/Justice Tarun Agarwala
Presiding Officer
Sd/Dr. C.K.G. Nair
Member
07.01.2019
Prepared & Compared By: PK