Noted Infotech P. Ltd vs Securities & Exchange Bd. Of India

the nature of the order passed in respect of which the 2

appeal has been proposed to be filed before the

Securities Appellate Tribunal, we are of the view that

the delay of 720 days in filing the appeal before the

Securities Appellate Tribunal can be condoned and

sufficient cause for condoning the delay in filing the

appeal can be held if the appellant is directed to pay

or deposit a sum of Rs.1,00,000/- as cost to the

respondent. Accordingly, we dispose of this appeal in

the following manner :

2. The delay of 720 days in filing the appeal is condoned,

subject to payment of deposit of Rs.1,00,000/- as cost to

the respondent within six weeks from the date of supply of

a copy of this order to the Securities Appellate Tribunal. In

default, this appeal shall stand dismissed and the

impugned order shall stand affirmed and the application for

condonation of delay shall stand rejected.

C.A.NO.141 OF 2007 -

1. Having heard the learned counsel for the parties and

after going through the averments made in the application 3

for condonation of delay in filing the appeal before the

Securities Appellate Tribunal and also after considering the

impugned judgment rejecting the application for

condonation of delay and the nature of the order passed in

respect of which the appeal has been proposed to be filed

before the Securities Appellate Tribunal, we are of the view

that the delay of 650 days in filing the appeal before the

Securities Appellate Tribunal can be condoned and

sufficient cause for condoning the delay in filing the appeal

can be held if the appellant is directed to pay or deposit a

sum of Rs.1,00,000/- as cost to the respondent.

Accordingly, we dispose of this appeal in the following

manner :

2. The delay of 650 days in filing the appeal is condoned,

subject to payment of deposit of Rs.1,00,000/- as cost to

the respondent within six weeks from the date of supply of

a copy of this order to the Securities Appellate Tribunal. In

default, this appeal shall stand dismissed and the

impugned order shall stand affirmed and the application for

condonation of delay shall stand rejected. 4

C.A.NO.4975 OF 2006 -

1. Having heard the learned counsel for the parties and

after going through the averments made in the

application for condonation of delay in filing the appeal

before the Securities Appellate Tribunal and also after

considering the impugned judgment rejecting the

application for condonation of delay and the nature of

the order passed in respect of which the appeal has been

proposed to be filed before the Securities Appellate

Tribunal, we are of the view that the delay of 870 days in

filing the appeal before the Securities Appellate Tribunal

can be condoned and sufficient cause for condoning the

delay in filing the appeal can be held if the appellant is

directed to pay or deposit a sum of Rs.1,25,000/- as cost

to the respondent. Accordingly, we dispose of this appeal

in the following manner :

5

2. The delay of 870 days in filing the appeal is condoned,

subject to payment of deposit of Rs.1,25,000/- as cost to

the respondent within six weeks from the date of supply of

a copy of this order to the Securities Appellate Tribunal. In

default, this appeal shall stand dismissed and the

impugned order shall stand affirmed and the application for

condonation of delay shall stand rejected.

C.A.NO.4687 OF 2006 -

1. Having heard the learned counsel for the parties and

after going through the averments made in the

application for condonation of delay in filing the appeal

before the Securities Appellate Tribunal and also after

considering the impugned judgment rejecting the

application for condonation of delay and the nature of

the order passed in respect of which the appeal has been

proposed to be filed before the Securities Appellate

Tribunal, we are of the view that the delay of 700 days in

filing the appeal before the Securities Appellate Tribunal

can be condoned and sufficient cause for condoning the 6

delay in filing the appeal can be held if the appellant is

directed to pay or deposit a sum of Rs.1,00,000/- as cost

to the respondent. Accordingly, we dispose of this appeal

in the following manner :

2. The delay of 700 days in filing the appeal is condoned,

subject to payment of deposit of Rs.1,00,000/- as cost to

the respondent within six weeks from the date of supply of

a copy of this order to the Securities Appellate Tribunal. In

default, this appeal shall stand dismissed and the

impugned order shall stand affirmed and the application for

condonation of delay shall stand rejected.

C.A.NO.2289 OF 2007 -

1. Having heard the learned counsel for the parties and

after going through the averments made in the

application for condonation of delay in filing the appeal

before the Securities Appellate Tribunal and also after

considering the impugned judgment rejecting the

application for condonation of delay and the nature of 7

the order passed in respect of which the appeal has been

proposed to be filed before the Securities Appellate

Tribunal, we are of the view that the delay of 998 days in

filing the appeal before the Securities Appellate Tribunal

can be condoned and sufficient cause for condoning the

delay in filing the appeal can be held if the appellant is

directed to pay or deposit a sum of Rs.1,25,000/- as cost

to the respondent. Accordingly, we dispose of this appeal

in the following manner :

2. The delay of 998 days in filing the appeal is condoned,

subject to payment of deposit of Rs.1,25,000/- as cost to

the respondent within six weeks from the date of supply of

a copy of this order to the Securities Appellate Tribunal. In

default, this appeal shall stand dismissed and the

impugned order shall stand affirmed and the application for

condonation of delay shall stand rejected.

...........................J. [Tarun Chatterjee] 8

New Delhi; ............................J. August 04, 2008. [Aftab Alam]