Tribunals and CommissionsDivision Bench(2023) 12 SEBI CK 0004

Himanshu K. Desai vs Securities And Exchange Board Of India

Securities Appellate Tribunal Mumbai · Decided on 4 December 2023

HON’BLE JUDGES
Tarun Agarwala, Presiding Officer · Meera Swarup, Technical Member
RESULT
Disposed Of
CASE NUMBER
Miscellaneous Application No. 1503, 1504 Of 2023, Appeal No. 909 Of 2023

AI Structured Summary

Not yet generated for this judgment

Judgment

4 paragraphs · 124 words
1.

There is a delay in the filing of the appeal. For the reasons stated in the application, the delay is condoned. The application is allowed.

2.

Connect with Appeal no. 908 of 2023.

3.

Let a reply be filed by the respondent within three weeks from today. Rejoinder to be filed within three weeks thereafter. The matter would be listed for admission and for final disposal on January 31, 2023.

4.

Considering the facts and circumstances that has been brought on record, we direct the appellant to deposit 50% of the penalty amount within four weeks from today. If the said amount is deposited, the balance amount shall not be recovered during the pendency of the appeal. The stay application is disposed of.