BEFORE THE SECURITIES APPELLATE TRIBUNAL
MUMBAI
Appeal No. 171 of 2012
Date of decision: 07.09.2012 Salasar Stock Broking Ltd.
Mukti Chambers, 4A, Clive Row,
Kolkata – 700001.
……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. Rajesh Khandelwal, Advocate for the Appellant.
Mr. Mobin Shaikh, Advocate for the Respondent.
CORAM : P. K. Malhotra, Member & Presiding Officer ( Offg .)
S. S. N. Moorthy, Member
Per : P. K. Malhotra (Oral)
Learned counsel for the parties state that this case is identical to the case in
Appeal No. 134 of 2012 decided by this Tribunal on June 27, 2012 and the appeal can
be disposed of giving a similar direction as given in that appeal.
- The appeal is disposed of with a di rection that the i nvestigation, qua the
appellant should be completed by the end of September 2012 and, if it is decided to
issue a show cause notice, the same may be done by October 31, 2012. We make it
clear that we are not expressing any opinion on the merits of the case.
No costs. Sd/-
P. K. Malhotra
Member &
Presiding Officer ( Offg .) Sd/-
S. S. N. Moorthy
Member
07.09.2012
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