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Svam Software Ltd. & Ors vs Securities And Exchange Board Of India

Securities Appellate Tribunal Mumbai · Decided on 8 February 2022 · Citation: (2022) 02 SEBI CK 0031

HON’BLE JUDGES
Tarun Agarwala, Presiding Officer · M. T. Joshi, J
CASE NUMBER
Miscellaneous Application No. 104 Of 2022 In Appeal No. 801 Of 2021
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Judgment

9 paragraphs · 182 words
1.

We have heard the learned counsel for the parties on the application. We modify our order dated January 11, 2021 with the direction that the

debarment of the appellants shall remain stayed provided they deposit Rs. 25 lakhs of the penalty amount on or before February 28, 2022. The

application is disposed of.

2.

Parties are directed to take instructions from the Registrar 48 hrs. before the date fixed in order to find out as to whether the matter would be taken

up for hearing through video conference or through physical hearing.

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.