Tribunals and CommissionsFull Bench

Salute Advisory LLP vs Securities And Exchange Board Of India

Securities Appellate Tribunal Mumbai · Decided on 26 August 2020 · Citation: (2020) 08 SEBI CK 0015

HON’BLE JUDGES
Tarun Agarwala, Presiding Officer · Dr. C. K. G. Nair, Member · M. T. Joshi, J
RESULT
Dismissed
CASE NUMBER
Appeal No. 213 Of 2020
Ask AI about this case

AI Structured Summary

Not yet generated for this judgment

No AI summary yet

Generate an eight-section analysis of this judgment — facts, issues, reasoning, ratio and a plain-language gist.

Judgment

12 paragraphs · 204 words

Tarun Agarwala, Presiding Officer

1.

We have heard Ms. Rishika Harish, the learned counsel for the appellant and Mr. Gaurav Joshi, the learned senior counsel for the respondent

through video conference.

2.

An affidavit has been filed by the appellant stating that they are willing to accept the settlement in terms of the Settlement Scheme and that they

will pay the amount as per the Settlement Scheme.

3.

In view of the aforesaid, the appeal is dismissed as not pressed leaving it open to the appellant to pay the settlement amount as per the Settlement

Scheme within the stipulated period.

4.

In the circumstances of the case, there shall be no order as to costs.

5.

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 Presiding Officer 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.