Aanya Developers Pvt. Ltd. vs Sebi
- CitationAppeal No. 649 of 2022
Ratio decidendi
The rule this decision rests on
The appeal, being an illiquid stock option matter covered by the SEBI Settlement Scheme, 2022 framed under Regulation 26 of the SEBI (Settlement Proceedings) Regulations, 2018, and squarely governed by the Tribunal's earlier decision in Dhanwantri Suppliers Pvt. Ltd. vs SEBI, stands disposed of on that basis, with the appellant directed to apply for settlement within two weeks.
Written by Miss Lucy from the judgment below, not taken from a headnote.
Judgment
As delivered
BEFORE THE SECURITIES APPELLATE TRIBUNAL MUMBAI Date of Decision : 30.09.2022 Misc. Application No. 1067 of 2022 And Appeal No. 649 of 2022 Aanya Developers Pvt. Ltd. Block - A, 1st Floor, Mercantile Building, 9, Lal Bazar Street, Kolkata - 700 001. .....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 Mrs. Rinku Valanju, Advocate with Mr. Sumit Yadav, Advocate i/b R V Legal for the Appellant. Mr. Gaurav Joshi, Senior Advocate with Mr. Abhiraj Arora and Shourya Tanay, Advocates i/b ELP for the Respondent. CORAM : Justice Tarun Agarwala, Presiding Officer Ms. Meera Swarup, Technical Member Per : Justice Tarun Agarwala, Presiding Officer (Oral) 1. This appeal is categorized as an illiquid stock option matter and is covered by a settlement scheme issued in terms of Regulation 26 of Securities and Exchange Board of India (Settlement Proceedings) Regulations, 2018 which is called 2 SEBI Settlement Scheme, 2022 and is also squarely covered by our decision in Appeal no. 401 of 2022, Dhanwantri Suppliers Pvt. Ltd. vs SEBI decided on August 23, 2022. 2. In view of the aforesaid, we dispose of the appeal directing the appellant to file an appropriate application for settlement before the authority concerned within two weeks from today. If the same is filed, the authority will accept the settlement application in terms of proposed SEBI Settlement Scheme 2022 as an application filed in a pending proceeding and pass appropriate orders. The appeal is disposed of. The miscellaneous application is also disposed of. 3. 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. Justice Tarun Agarwala Presiding Officer Ms. Meera Swarup Technical Member RAJALA Digitally by signed 30.09.2022 KSHMI NAIR RAJALAKSHMI H Date: 2022.10.04 H NAIR 16:40:10 +05'30' msb
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