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Panchanan Pradhan vs Sebi

Securities Appellate Tribunal26 July 2018

Ratio decidendi

The rule this decision rests on

The review application is allowed on the ground that the appellant's non-appearance on the earlier listed dates arose from the appellant's lack of knowledge of those dates, coupled with a demonstrated lapse in communication on the part of the Registry, and such a showing justifies restoring an appeal dismissed for want of prosecution.

Written by Miss Lucy from the judgment below, not taken from a headnote.

Judgment

As delivered

BEFORE THE SECURITIES APPELLATE TRIBUNALMUMBAI

Date : 26.7.2018

Misc. Application No.287 of 2017 And Review Application No.6 of 2017 In Appeal No.17 of 2017

Panchanan Pradhan ..... Appellant

Versus

Securities & Exchange Board of India & Ors. ...... Respondents

Mr. Prakash Chandra Sethi, Advocate for the Appellant.

Mr. Sameer Bindra, Advocate i/b. Juris Corp for the Respondent.

ORDER :

Misc. Application no.287 of 2017 in Review Application No.6 of 2017

1. There is a delay of 2 days in filing the Review Application No.6 of

2017. For the reasons stated in the Misc. Application the delay is

condoned.

2. The Misc. Application is disposed of accordingly with no order as

to costs.

Review Application No.6 of 2017 in Appeal No.17 of 2017

1. Review application has been filed by the appellant for restoration of

the appeal which was dismissed by this Appellate Tribunal on 20.6.2017

for want of prosecution. As per records the appellant was not represented

on three occasions in the recent past and therefore the appeal was dismissed

for want of prosecution.

2

2. The argument of the Counsel for the appellant is that he was not

aware of the dates fixed for hearing the matter. Further, on verification of

records it is noted that there was some lapse in communication from the

side of the Registry.

3. Accordingly I find merit in the submission of the appellant. The

review application is allowed and appeal is restored.

4. By consent, stand over to September 26, 2018.

Sd/-

Dr. C.K.G.Nair Member

26.7.2018 Prepared and compared by RHN

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