Il & Fs Securities Services Ltd. vs Sebi
- CitationAppeal No.551 of 2021
Ratio decidendi
The rule this decision rests on
The appeal is dismissed because the controversy is squarely covered by the Tribunal's earlier decision in IL&FS Securities Services Ltd. v. SEBI (Appeal No. 76 of 2021, decided 6 April 2021); the ratio therefore rests on that earlier decision, whose reasoning is not set out in this order.
Written by Miss Lucy from the judgment below, not taken from a headnote.
Judgment
As delivered
IL & FS Securities Services Ltd. IL&FS House, Plot No.14, Raheja Vihar, Chandivali, Andheri (E), Mumbai, Maharashtra 400072. ...Appellant
Versus
NSE Clearing Ltd. Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Mumbai, (E), Maharashtra - 400051. ...Respondent
Mr. Pradeep Sancheti, Senior Advocate with Mr. Shrey Sancheti, Mr. Adarsh Saxena, Mr. Vikash Jha, Ms. Drishti Das, Mr. Varun Srinivasan and Ms. Shivani Sathe, Advocates i/b. Cyril Amarchand Mangaldas for the Appellant.
Mr. Pesi Modi, Senior Advocate with Mr. Ashish Prasad, Mr. Rohit Sharma, Mr. Pruthvi Dhinoja, Mr.Abhiraj Arora, Ms. Rashi Dalmia and Mr. Karthik Narayan i/b ELP for the Respondent.
CORAM: Justice Tarun Agarwala, Presiding Officer Justice M.T. Joshi, Judicial Member
Per: Justice Tarun Agarwala, Presiding Officer (Oral) 2
1.
The controversy involved in the present appeal is
squarely covered by the decision of this Tribunal in
IL&FS Securities Services Ltd. vs. SEBI, appeal no.76
of 2021 decided on 6th April, 2021. The appeal is
dismissed accordingly. Misc. application no.802 of
2021 is also accordingly disposed of.
2. The present matter was heard through video
conference due to Covid-19 pandemic. At this stage it
is not possible to sign a copy of this order nor a
certified copy of this order could be issued by the
registry. In these circumstances, 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. Parties will
act on production of a digitally signed copy sent by fax
and/or email.
Justice Tarun Agarwala Presiding Officer
Justice M.T. Joshi Judicial Member 29.9.2021 RAJALA Digitally signed by
KSHMI RAJALAKSHMI H NAIR RHN H NAIR Date: 2021.10.07 11:41:25 +05'30'
This page reproduces a public judgment and a summary of it. It is research material, not legal advice, and it is no substitute for advice from an advocate on your own facts.
Research this judgment with Miss Lucy
Ask what it holds, what has followed it, and what it means for your matter — in plain English, with the citations.
Try Miss Lucy free