Anugrah Stock & Broking Pvt. Ltd. vs Sebi
- CitationAppeal No. 48 of 2023
Ratio decidendi
The rule this decision rests on
The Tribunal may dismiss an appeal for inordinate delay in complying with the Registry's objections to its filing, where the objections remain unremedied for a prolonged period despite repeated communication.
Written by Miss Lucy from the judgment below, not taken from a headnote.
Judgment
As delivered
Date of Decision: 18.01.2023
Misc. Application No. 15 of 2023 And Appeal No. 48 of 2023
Anugrah Stock & Broking Pvt. Ltd. Nisarg Apartment, Above Saraswat Bank, Besant Road, Vile Parle (W), Mumbai- 400 056 ...Appellant
Versus
National Stock Exchange of India Limited Exchange Plaza, Plot No. C-1,'G' Block, Bandra Kurla Complex, Bandra (E), Mumbai- 400 051 ...Respondent
Mr. Jenil Shah, Advocate i/b Ganesh & Co. for the Appellant.
Mr. Pradeep Sancheti, Senior Advocate with Mr. Rashid Boatwalla and Mr. Juan D'Souza, Advocates i/b MKA & Co. for the Respondent.
CORAM: Justice Tarun Agarwala, Presiding Officer Ms. Meera Swarup, Technical Member
Per: Justice Tarun Agarwala, Presiding Officer (Oral) 2
1.
The appeal was lodged on January 09, 2021. Upon
scrutiny there was certain objections raised by the Registry
which was communicated through email dated 13.01.2021,
26.03.2021, 17.04.2021 and 22.11.2022. Inspite of the above,
the objections have not been removed for almost two years.
2. In view of this inordinate delay in complying with the
objections, the appeal is dismissed with no order as to costs.
Misc. Application is also disposed of accordingly.
3. We further direct the Registrar to hold an enquiry and
submit a report.
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.
Justice Tarun Agarwala Presiding Officer
Ms. Meera Swarup PRERNA Digitally signed Technical Member 18.01.2023 by PRERNA MANISH MANISH KHARE PK Date: 2023.01.19 KHARE 10:30:30 +05'30'
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