BEFORE THE SECURITIES APPELLATE TRIBUNAL
MUMBAI

Miscellaneous Application No.3 of 2013
And
Appeal No.9 of 2013

Date of Decision: 6.3.2013

Jitendra Jain
B/503, Grace Building,
Vasant Marvel, W.E. Highway,
Borvali (E), Mumbai – 400066.

         …… Appell   

 Versus  

Securities and Exchange Board of India
SEBI Bhawan, Plot No. C-4A, G Block,
Bandra Kurla Complex, Bandra (East),
Mumbai – 400 051.

         …… R   

Mr. Manish Chhangani, Advocate with Mr. Shubhadip Choudhuri and Mr. Amit Dur,
Advocates for the Appellant.

Ms. Harshada Nagare, Advocate for the Respondent.

CORAM : Jog Singh, Member

Per : Jog Singh (Oral)

The appellant has mainly approached this Tribunal for the following reliefs:

“view f factsand cumststabovand e
submions herein, Appellprathathe Tribunal e
pleased to:

(a) This Tribunal pleased clarifthbvirtue the
dated 2012 abthiHonTriin matter
Manan, the Impugned Order shall stand stayed qua the Appellant as
well;

(b) Inthe ernatthiHoTribunb e pleased to stay the Impugned
Order qua the Appellant;

(c) This Tribunal pleased pass other further ers
as thimaeem fit.

(d) grant urgent interim and ad interim reliefs as prayed for;

(e) provide such other reliefs as may be warranted on the basis of the facts
and circumstances relating to this Appeal in furthering justice as the
Hon’ble Tribunal my dem fit. ”

2

2. With the consent of both learned counsel the appeal has been heard and being

disposed of by the present order.

3. At the outset, Ms. Harshada Nagare, learned counsel for the respondent submits

that a final order is being passed by the SEBI in a period of two weeks. In view of this

submion, Tribunal sangoodreto ep en t appeal pending

and the same is disposed of with a direction to the respondent to pass an appropriate final

order in the matter as per law within a period of two weeks from the date of receipt of

copy of this order. A copy of the order should be provided to the appellant as soon as the

same is passed by the respondent. The present appeal, accordingly, stands disposed of

with the above said direction and also with a liberty to the appellant to approach the

appropriate forum in case he is still aggrieved by the final order to be passed under this

order, if so advised. It is made clear that no opinion is expressed by the Tribunal on the

merit of the issues raised by the appellant. Accordingly, miscellaneous application no.3

of 2013 also stand disposed of. No costs.

                                Sd/-  
                          Jog Singh  
                   Member   

6.3.2013
Prepared and compared by
RHN