Tribunals and CommissionsDivision Bench(2023) 11 SEBI CK 0014

Jayesh Rawal And Others vs Securities And Exchange Board Of India

Securities Appellate Tribunal Mumbai · Decided on 23 November 2023

HON’BLE JUDGES
Tarun Agarwala, Presiding Officer · Meera Swarup, Technical Member
CASE NUMBER
Appeal No. 849, 850 Of 2022

AI Structured Summary

Not yet generated for this judgment

Judgment

4 paragraphs · 113 words
1.

Both the appeals are against a common order and are being taken up together.

2.

Connect with Appeal no. 819 of 2023 and list on January 5, 2024.

3.

In the meanwhile, respondent may file a reply within three weeks from today. Rejoinder to be filed on or before the next date.

4.

Since it is alleged that the appellant has not traded and is alleged to have received the unlawful gains, we direct that the appellant shall deposit 50% of the amount as per the impugned order within four weeks from today. If the said amount is deposited, the balance amount shall not be recovered during the pendency of the appeal.