Securities And Exchange Board Of India vs. Rajeev Thakkar
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Order Issued After Hearing
Purpose:
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Listed On:
15 Oct 2020
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Order Text
IN THE SUPREME COURT OF INDIA
CIVIL APPELLATE JURISDICTION
CIVIL APPEAL NOS.3491-3492 OF 2020
SECURITIES AND EXCHANGE BOARD OF INDIA Appellant(s) VERSUS
RAJEEV THAKKAR & ORS. Respondent(s)
Reason:
O R D E R
Delay condoned.
These appeals filed by SEBI are against an order dated 26.11.2019 of the Securities Appellate Tribunal (SAT) by which the matter was remanded back with a direction to pass a reasoned order.
Mr.C.U.Singh, learned senior counsel referred to some portions in the judgment to argue that the Securities Appellate Tribunal has expressed its opinion on the merits of the matter, which might influence the decision to be taken by the SEBI.
SEBI is directed to decide the matter without being influenced by any observations made in the order dated 26.11.2019. Digitally signed by BALA PARVATHI Date: 2020.10.16 17:47:20 IST Signature Not Verified
The civil appeals stand dismissed. Pending application(s), if any, stand disposed of.
....................J (L.NAGESWARA RAO)
....................J (HEMANT GUPTA)
....................J (AJAY RASTOGI)
NEW DELHI; 15th October, 2020. S U P R E M E C O U R T O F I N D I A RECORD OF PROCEEDINGS CIVIL APPEAL NOS.3491-3492 OF 2020 @ Diary No(s).7579/2020 (Arising out of impugned final judgment and order dated 26-11-2019 in ANO. No.51/2018 21-02-2020 in RA No.04/2020 passed by the Securities Appellate Tribunal, Mumbai) SECURITIES AND EXCHANGE BOARD OF INDIA Petitioner(s) VERSUS RAJEEV THAKKAR & ORS. Respondent(s) (With appls. for c/delay in filing SLP, exemption from filing c/c of the impugned judgment, stay application) Date : 15-10-2020 This petition was called on for hearing today. CORAM : HON'BLE MR. JUSTICE L. NAGESWARA RAO HON'BLE MR. JUSTICE HEMANT GUPTA HON'BLE MR. JUSTICE AJAY RASTOGI For Petitioner(s) Mr. C. U. Singh, Sr. Adv. Mr. Pratap Venugopal,Adv. Ms. Surekha Raman,Adv. Ms. Ayushi Gaur,Adv. Mr. Akhil Abraham Roy,Adv. Mr. Vijay Valsan,Adv. Mr. Purushottam Jha, Adv. Ms. Viddusshi, Adv. Ms. Ayushi Gaur, Adv. M/s. K J John and Co, AOR For Respondent(s) UPON hearing the counsel the Court made the following O R D E R Delay condoned. The appeals are dismissed in terms of the signed order. Pending application(s), if any, shall stand disposed of.
(B.Parvathi) (Anand Prakash) Court Master Court Master (Signed order is placed on the file)
ITEM NO.11 Court 8 (Video Conferencing) SECTION XVII