BEFORE THE SECURITIES APPELLATE TRIBUNAL
MUMBAI
Date : 20.2.2019
Misc. Application No.73 of 2019
In
Appeal No.85 of 2018
Indus Weir Industries Limited
44/1, West Guru Angad Nagar,
Vikas Marg, Laxmi Nagar,
East Delhi- 110092, India.

…. Applicant/
(Org. 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. Manu Nayar, Advocate with Ms. Radhika Arora and Mr. Samir
Singh, Advocate for the Applicant/(Org. Appellant).
Mr. Abhiraj Arora, Advocate with Ms. Bhagyashri Bhave, Advocate
i/b. ELP for the Respondent.

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

The Misc. Application has been filed today praying for
extension of time to deposit the amount as directed by this Tribunal by
its order dated 17th January, 2019 wherein the appellant were directed
to pay the penalty of Rs.50,00,000/- within four weeks.

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2.

Through this application the Director Bal Chand Chaurasiya
who has been authorized by the Board of Directors has contended that
the company and the directors are wanting to pay the amount and need
some extra time to comply with the order of the Tribunal.
Considering the aforesaid, we dispose of the Misc. Application
directing the appellant to pay the penalty as per the order of the
Tribunal dated 17th January, 2019 by 30th April, 2019.

Sd/Justice Tarun Agarwala
Presiding Officer
Sd/Dr. C. K. G. Nair
Member
20.2.2019
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