Beena Singh vs Sebi
- CitationAppeal No. 87 of 2023
Ratio decidendi
The rule this decision rests on
The delay in filing the appeal is condoned on the reasons given in the application, and the miscellaneous application is allowed. Where the appellant's case falls within the SEBI Settlement Scheme 2022 framed under Regulation 26 of the SEBI (Settlement Proceedings) Regulations, 2018, the appeal may be disposed of by directing the appellant to apply for settlement before the concerned authority within two weeks, and the authority is to accept that application as one filed in a pending proceeding and pass appropriate orders under the Scheme.
Written by Miss Lucy from the judgment below, not taken from a headnote.
Judgment
As delivered
Date of Decision : 20.01.2023
Misc. Application No. 1637 of 2022 And Appeal No. 87 of 2023
Beena Singh Pushpati 684B,Amlipur, Kasigaon, Kanpur-208021, U.P. ..... 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
Dr. L. B. Singh, Authorised Representative for the Appellant.
Mr. Abhiraj Arora, Advocate 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.
There is a delay in the filing of the appeal. For the reasons
stated in the application, the delay is condoned. Misc. Application is
allowed.
2. We find that the appellant's case is squarely covered by the
SEBI Settlement Scheme 2022 which has been issued in terms of 2
Regulation 26 of Securities and Exchange Board of India (Settlement
Proceedings) Regulations, 2018.
3. 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
the SEBI Settlement Scheme 2022 as an application filed in a
pending proceeding and pass appropriate orders.
4. The appeal is disposed of.
5. 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 20.01.2023 PRAMILA Digitally signed by PRAMILA TANAJI
PTM TANAJI MISAL Date: 2023.01.20 MISAL 17:17:39 +05'30'
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