BEFORE THE SECURITIES APPELLATE TRIBUNAL

MUMBAI
Date of Decision: 17.11.2014
Misc. Application No. 145 of 2014
In
Appeal No. 207 of 2012
1. Mrs. Ramkishori Gupta
Age about 65 years,
Wife of Shri Harishchandra Gupta
2. Harishchandra Gupta
Aged about 69 years,
Son of Late R. P. Gupta
Both resident of:
Bunglow No. 40, First Floor,
Chappel Road, Bandra (W),
Mumbai- 400 050

Applicants

Versus
1. Securities and Exchange Board of India,
SEBI Bhavan, Plot No. C-4A, G-Block,
Bandra-Kurla Complex, Bandra (East),
Mumbai 400 051
2. M/s. Bombay Stock Exchange
Stock Exchange Building,
Dalal Street, Fort,
Mumbai- 400 001
3. M/s. Vital Communication Ltd.
606, Kailash Building,
Kasturba Gandhi Marg,
New Delhi- 110 001

Respondents

Mr. H.C. Gupta, Appellant in person for Applicants/Original Appellants.

Mr. Kevic Setalvad, Senior Advocate with Mr. Rushin Kapadia and
Ms. Sneha Prabhu, Advocates i/b K. Ashar & Co. for Respondent No. 1
Mr. Pulkit Sukhramani, Advocate i/b Law Point for Respondent No. 2
None for Respondent No. 3
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CORAM: Justice J.P. Devadhar, Presiding Officer

Jog Singh, Member
A.S. Lamba, Member
Per: Justice J.P. Devadhar (Oral)
1.

Grievance

of

the

applicants/original

appellants

in

this

Miscellaneous Application is that the Whole Time Member (WTM) of

Securities and Exchange Board of India (SEBI for short) in his
impugned order dated 31 July, 2014 has failed to comply with the
directions given by this Tribunal on April 30, 2013 in Appeal No. 207 of
2012 and as modified on December 19, 2013.
2.

In view of above grievance, counsel for SEBI on instruction states

that the WTM of SEBI would pass additional order dealing with the
directions of this Tribunal set out hereinabove. Accordingly, WTM of
SEBI is permitted to pass additional order in relation to grievances set out
in Miscellaneous Application No. 145 of 2014 within a period of 4 weeks
from today after giving a personal hearing to appellants.
Misc. Application is disposed of in above terms with no order as to
costs.

Sd/Justice J.P. Devadhar

Presiding Officer
Sd/Jog Singh
Member
Sd/A S Lamba
Member
17.11.2014
Prepared & Compared By: PK

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