Mr. Vijayraj Surana vs Sebi

Date of Decision : 27.3.2019

Misc. Application No.62 of 2019 And Appeal No.58 of 2019

Mr. Vijayraj Surana No.6, Nathan Street, Harrington Road, Next to Prashant Hospital Lane, Chetpet, Chennai Tamil Nadu - 600031. ..... Appellant

Versus

Securities and Exchange Board of India SEBI Bhavan, Plot No.C-4A, G Block, Bandra Kurla Complex, Mumbai - 400051. ...... Respondent

Mr. Somasekhar Sundaresan, Advocate with Mr. Joby Mathew and Mr. Nikhil Shah, Advocates i/b. Joby Mathew & Associates for the Appellant.

Mr. J.P. Sen, Senior Advocate with Mr. Anubhav Ghosh and Ms. Vidhi Jhawar, Advocates i/b. The Law Point for the Respondent.

CORAM: Justice Tarun Agarwala, Presiding Officer Dr. C.K.G. Nair, Member Justice M.T. Joshi, Judicial Member

Per : Justice Tarun Agarwala (Oral)

Misc. Application No.62 of 2019

There is a delay of 93 days in filing the appeal. One of the

grounds is that the appellant is no longer a Director of the Company and

it became difficult to have access to the relevant documents. Further, it 2

took some time to procure the documents from the Interim Resolution

Professional. As a consequence, there was a delay in filing the appeal.

In our opinion, cause shown is sufficient. The delay has been

satisfactorily explained. We consequently condone the delay. The Misc.

Application is allowed. The appeal is treated to be filed within time.

Appeal No.58 of 2019 Having heard the learned counsel for the parties we direct the

respondent six weeks time to file the reply. Two weeks thereafter for

rejoinder. List for admission and final disposal on 5th July, 2019.

Sd/-

Justice Tarun Agarwala Presiding Officer

Sd/-

Dr. C. K. G. Nair Member

Sd/-

Justice M.T. Joshi Judicial Member

27.3.2019 Prepared and compared by RHN