Tribunals and CommissionsFull Bench(2020) 06 SEBI CK 0021

Nimain Charan Biswal vs Securities And Exchange Board Of India & Ors

Securities Appellate Tribunal Mumbai · Decided on 10 June 2020

HON’BLE JUDGES
Tarun Agarwala, Presiding Officer · Dr. C. K. G. Nair, Member · M. T. Joshi, J
RESULT
Dismissed
CASE NUMBER
Miscellaneous Application No. 133 Of 2020, Appeal (L) No.167 Of 2020

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Judgment

13 paragraphs · 244 words
1.

We have heard Shri Nimain Charan Biswal, Appellant-in-person and Shri Aditya Chitale along with Shri Anubhav Ghosh, learned counsel for the

Respondent.

2.

Having heard the parties at some length we direct the respondent to file a reply within three weeks from today. Two weeks thereafter to the

appellant to file a rejoinder.

3.

List this matter for admission and for final disposal on July 30, 2020 through video conference or through physical hearing depending on the

prevailing situation. Parties will take necessary instructions from the Registrar of this Tribunal 48 hours before the date fixed.

4.

The appellant prayed for an interim order contending that SEBI has wrongly prosecuted him and on account of the impugned order he is unable to

get any employment. Considering the aforesaid, we do not find any urgency to grant an interim order at this stage. The misc application no. 133 of

2020 is rejected at this stage.

5.

The present matter was heard through video conference due to Covid-19 pandemic. At this stage it is not possible to sign a copy of this order nor a

certified copy of this order could be issued by the registry. In these circumstances, this order will be digitally signed by the Presiding Officer on behalf

of the bench and all concerned parties are directed to act on the digitally signed copy of this order. Parties will act on production of a digitally signed

copy sent by fax and/or email.