Tribunals and CommissionsFull Bench(2022) 06 SEBI CK 0067

Roli Gupta & Anr vs Securities And Exchange Board Of India

Securities Appellate Tribunal Mumbai · Decided on 13 June 2022

HON’BLE JUDGES
Tarun Agarwala Presiding Officer · M. T. Joshi, J · Meera Swarup, Member
CASE NUMBER
Miscellaneous Application No. 519, 520 Of 2022, Appeal No. 287 Of 2022

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Judgment

4 paragraphs · 193 words
1.

Since the appeal has been taken up for consideration the urgency application is disposed of.

2.

Connect with appeal no. 286 of 2022. Respondent may file a reply within three weeks from today. Rejoinder may be filed within three weeks thereafter. Matter would be listed for admission and for final disposal on July 29, 2022.

3.

Considering the fact and circumstance that has been brought on record except that the fact that the violation is not of one of the disclosure under LODR Regulations, we direct that the debarment order against the appellants shall remain stayed during the pendency of the appeal. Further, the appellants are directed to deposit 50% of the penalty amount within four weeks from today. If the said amount is deposited, the balance amount shall not be recovered during the pendency of the appeal. Stay application is disposed of accordingly.

4.

This order will be digitally signed by the Private Secretary on behalf of the bench and all concerned parties are directed to act on the digitally signed copy of this order. Certified copy of this order is also available from the Registry on payment of usual charges.