Uma Bansal vs Sebi
- CitationAppeal No. 431 of 2021
Ratio decidendi
The rule this decision rests on
The appeal is dismissed on the basis that the controversy is squarely covered by the Tribunal's earlier decision in Global Earth Properties and Developers Pvt. Ltd. v. SEBI (Appeal No. 212 of 2020), without any independent reasoning stated in this order.
Written by Miss Lucy from the judgment below, not taken from a headnote.
Judgment
As delivered
Date of Decision: 19.07.2021
Misc. Application No. 622 of 2021 And Appeal No. 431 of 2021
Uma Bansal Mmg Ramganga Vihar Phase I, Moradabad, Uttar Pradesh, India- 244 001 ...Appellant
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. Prakash Shah, Advocate with Ms. Rinku Valanju, Mr. Pratham Masurekar and Mr. Aditya Shah, Advocates i/b R V Legal for the Appellant.
Mr. Abhiraj Arora, Advocate with Ms. Rashi Dalmia and Mr. Karthik Narayan, Advocates 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)
1.
We have heard the learned counsel for the parties. The
controversy involved in the present appeal is squarely covered
by a decision of this Tribunal in Appeal No. 212 of 2020 Global 2
Earth Properties and Developers Pvt. Ltd. vs. Securities and
Exchange Board of India decided on 14.09.2020.
2. In view of the aforesaid, the appeal is dismissed with no
order as to costs. The Misc. Application No. 622 of 2021 is also
disposed of.
3. 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 19.07.2021 RAJALA Digitally by signed
PK KSHMI RAJALAKSHMI NAIR H
Date: 2021.07.20 H NAIR 14:11:13 +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