Cupid Ltd vs Sebi
- CitationAppeal No.366 of 2021
Ratio decidendi
The rule this decision rests on
The appeal is disposed of by reference to the Tribunal's earlier decision in Shekhawati Poly-Yarn Ltd. & Ors. vs. NSE and Ors. (Appeal No. 432 of 2021, decided 18 July 2022). Where the reasons for the present decision are those stated in that earlier decision, the controversy in this appeal is governed by the principles laid down there, and the impugned order dated 13 April 2021 falls to be quashed on the same reasoning. The principles of Shekhawati Poly-Yarn are not themselves set out in this text, so the ratio of this order is only that the earlier decision governs and the impugned order is quashed on its basis.
Written by Miss Lucy from the judgment below, not taken from a headnote.
Judgment
As delivered
Date of Decision: 14.2.2023
Appeal No.366 of 2021
Cupid Ltd. A-68, MIDC Sinnar, Malegaon, Nashik-422 113. ...Appellant
Versus
National Stock Exchange of India Ltd. Exchange Plaza, C-1, Block G, Bandra-Kurla Complex, Bandra (E), Mumbai - 400 051. ...Respondent
Mr. Pradeep Sancheti, Senior Advocate with Mr. Rashid Boatwalla and Ms. Samiksha Rajput, 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)
1.
Having heard the learned counsel for the parties, we
find that the controversy involved in the present appeal
is squarely covered by the decision of this Tribunal in
Shekhawati Poly-Yarn Ltd. & Ors. vs. NSE and Ors.
in Appeal No.432 of 2021 decided on 18th July, 2022. 2
2. For the reasons stated in the said decision, we quash
the order dated 13th April, 2021. The appeal is
allowed.
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 RAJALAK Digitally by signed
SHMI RAJALAKSHMI HARISH NAIR 14.2.2023 HARISH Date:
2023.02.14 RHN NAIR 19:20:59 +05'30'
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