Kailash Kumar Lakhani vs Sebi
- CitationAppeal No. 100 of 2023
Ratio decidendi
The rule this decision rests on
The impugned order is quashed because the controversy in the present appeal is squarely covered by the Tribunal's earlier decisions in Abhishek Bhutra & Anr. vs. SEBI (Appeal No. 180 of 2021, decided 14 June 2021) and Appeal No. 806 of 2022 (decided 10 November 2022); the appeal is therefore allowed at the admission stage, following those decisions.
Written by Miss Lucy from the judgment below, not taken from a headnote.
Judgment
As delivered
Date of Decision : 23.01.2023
Misc. Application No. 1737 of 2022 And Appeal No. 100 of 2023
1.
Kailash Kumar Lakhani
2. Saroj Devi Lakhani
212, Girish Ghosh Road, Belur Parvesh, Forum, Block - C, Flat No. 1003, Howrah, West Bengal - 711202. ..... Appellants
Versus
Securities and Exchange Board of India SEBI Bhavan, Plot No. C-4A, G Block, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051. ... Respondent
Mr. Vikas Bengani, Advocate for the Appellants.
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 decisions of this Tribunal in Abhishek Bhutra & Anr. vs. SEBI in 2
Appeal No. 180 of 2021 decided on June 14, 2021 and in Appeal No.
806 of 2022 Mr. Abhishek Bhutra & Anr. vs. SEBI decided on
November 10, 2022.
2. In view of the aforesaid, the impugned order is quashed. The
appeal is allowed at the admission stage itself.
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 23.01.2023 PRAMILA Digitally signed by PRAMILA TANAJI
PTM TANAJI MISAL Date: 2023.01.24 MISAL 16:09:52 +05'30'
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