eCourtsIndia

Sahara India Real Estate Corp. Ltd vs. Securities & Exch. Board Of India

Court:Supreme Court of India
Judge:Hon'ble K.S. Radhakrishnan
Case Status:Dismissed
Order Date:2 May 2012
CNR:SCIN010356292011

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16 Nov 2011

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pPPART-HEARD<br>ITEM NO.101COURT NO.1SECTION XVII
S U P R E M EC O U R T<br>RECORD OF PROCEEDINGSO FI N D I A
I.A. NOS.4-5,10,11,12-13,16-17,18,19,20-21,22-23,24-25, 26-27,30-<br>31,32-33,34,35-36,37-38,39-40,41-42,43-44,45-46, 47-48,49-50,55-<br>56,57,58,59,60 AND 61 IN C.A.NO.9813/2011<br>AND C.A.NO.9833/2011
SAHARA INDIA REAL ESTATE CORP.LTD.& ORSAppellant (s)
VERSUS
SECURITIES & EXCH.BOARD OF INDIA & ANRRespondent(s)
and office report)(For directions, appropriate orders/directions, interventions
With I.A. Nos.14 and 17 in Civil Appeal No.733/2012
Date: 02/05/2012<br>These Matters were called on for hearing today.
CORAM :HON'BLE<br>THE<br>HON'BLE<br>MR.<br>HON'BLE<br>MR.<br>HON'BLE<br>MRS.<br>HON'BLE<br>MR.CHIEF JUSTICE<br>JUSTICE D.K. JAIN<br>JUSTICE SURINDER SINGH NIJJAR<br>JUSTICE RANJANA PRAKASH DESAI<br>JUSTICE JAGDISH SINGH KHEHAR
Mr. T.R. Andhyarujina,Sr.Adv.<br>Mr. Soumik Ghosal,Adv.
Mr. Soli J. Sorabjee,Sr.Adv.
Mr.<br>Mr.<br>Mr.<br>Mr.<br>Ms.<br>Ms.K.K. Venugopal,Sr.Adv.<br>Ankur Talwar,Adv.<br>Rohit Bhat,Adv.<br>Shyam Mohan,Adv.<br>Ashwati Balraj,Adv.<br>Pooja Dhar,Adv.(N/P)
For Appellant(s)<br>In CA 9813/2011:Mr.<br>Mr.<br>Mr.<br>Mr.<br>Mr.<br>Mr.<br>Ms.<br>Mr.<br>Ms.F.S. Nariman,Sr.Adv.<br>Sidharth Luthra,Sr.Adv.<br>Subhash C. Sharma,Adv.<br>Gaurav Kejriwal,Adv.<br>Keshav Mohan,Adv.<br>Arshdeep Singh,Adv.<br>Vandana Jalan,Adv.<br>Mit Chowdhury,Adv.<br>Shreya Singh,Adv.
- 2 -2/-
For Respondent(s)/<br>Mr.<br>SEBI (I.A. No.10):<br>Mr.<br>Ms.<br>Ms.<br>Mr.<br>forGoolam E. Vahanvati,AG. (N/P)<br>Pratap Venugopal,Adv.<br>Surekha Raman,Adv.<br>Namrata Sood,Adv.<br>Gaurav Nair,Adv.<br>M/s. K.J. John & Co.,Advs.
For Respondent No.2:Mr.<br>Ms.<br>Ms.<br>Mr.<br>Ms.<br>Mr.Gagan Gupta,Adv.<br>Manisha Dhir,Adv.<br>Purti Marwaha,Adv.<br>Apoorve Karol,Adv.<br>Poonam Anand,Adv.<br>Chirag Kher,Adv.
Mr.Gagan Gupta,Adv.
For Union of India:Ms.<br>Mr.<br>Ms.<br>Mr.Indra Jaising,ASG.<br>Rohit Sharma,Adv.<br>Supriya Jain,Adv.<br>B.V. Balaram Das,Adv.
For News Broadcasters<br>Asscn. (I.A. No.11)Mr.<br>Ms.<br>Ms.<br>Ms.<br>Ms.Anup Bhambhani,Adv.<br>Nisha Bhambhani,Adv.<br>Bhavita Modi,Adv.<br>Lakshita Sethi,Adv.<br>Sumita Hazarika,Adv.
In I.A. Nos.12-13:Mr. Manohar Lal Sharma,in-person
In I.A. Nos.16-17:Mr. Ajit Sharma,Adv.<br>Mr. Harsh Vardhan Surna,Adv.
In I.A. 18-19:<br>(Foundation for Media Mr.<br>Professionals and<br>Editors Guild of India)Ms.Dr.<br>Mr.<br>Mr.Rajiv Dhavan,Sr.Adv.<br>Nikhil Nayyar,Adv.<br>Rajshekhar Rao,Adv.<br>Pritha Srikumar Iyer,Adv.<br>Harshavardhan Reddy,Adv.
In I.A. Nos.20-21<br>and I.A. Nos.32-33:Mr. Shekhar G. Devasa,Adv.<br>Mr. K.V. Dhananjay,Adv.<br>Mr. Adarsh Upadhyay,Adv.
In I.A. Nos.22-23:<br>[P.J. Thomas]Mr. Wills Mathews,Adv.<br>Mr. Rabin Majumdar,Adv.
In I.A. Nos.24-25:Mr. Shanti Bhushan,Sr.Adv. (N/P)<br>Mr. Prashant Bhushan,Adv.
Mr. Pranav Sachdeva,Adv.
3/-<br>- 3 -
In I.A. Nos.26-27:Mr.<br>Mr.<br>Mr.<br>Mr.<br>Mr.Anil Divan,Sr.Adv. (N/P)<br>Prashant Bhushan,Adv.<br>Ranvir Singh,Adv.<br>Rishi Kuamr Gautam,Adv.<br>Pranav Sachdeva,Adv.
In I.A. Nos.30-31:<br>(Broadcast Editors'<br>Association)Mr.<br>Mr.<br>Ms.<br>Ms.<br>Ms.<br>Mr.<br>Mr.Ram Jethmalani,Sr.Adv. (N/P)<br>Kailash Vasdev,Sr.Adv. (N/P)<br>Bindu Saxena,Adv.<br>Aparajita Swarup,Adv.<br>Neha Khattar,Adv.<br>K.K. Patra,Adv.<br>Shailendra Swarup,Adv.
In I.A. No.34:Mr. Gopal Sankaranarayanan,Adv.<br>Mr. Vikas Mehta,Adv.
In I.A. Nos.35-36:<br>(Statesman Ltd.)Ms.<br>Mr.<br>Mr.<br>Mr.Madhavi Divan,Adv.<br>D. Bharat Kumar,Adv.<br>Sayooj Mohandas M.,Adv.<br>Vishal Arun,Adv.
In I.A. Nos.37-38:Mr.<br>Ms.<br>Mr.<br>Ms.<br>Mr.Aabad H.H. Ponda,Adv. (N/P)<br>Jyoti Singh,Adv.<br>Vikas Mehta,Adv.<br>Aditi Bhat,Adv.<br>Sri Sabari Rajan,Adv.
In I.A. Nos.39-40:<br>(State of Rajasthan)Dr. Manish Singhvi,AAG.<br>Mr. Irshad Ahmad,Adv.

of India: Ms. Manju Sharma Jetley,Adv. In I.A. Nos.41-42: Ms. Nitya Ramakrishnan,Adv. (N/P) (Jamia Teachers Mr. Trideep Pais,Adv. Solidarity Asscn.) Ms. Suhasini Sen,Adv. Mr. S. Naved,Adv. Mr. Rahul Kripalani,Adv. Mr. Snehasish Mukherjee,Adv. In I.A. Nos.43-44 Ms. Jyotika Kalra,Adv. Ms. Annwesha Deb,Adv. In I.A. Nos.45-46: Mr. Anukul Chandra Pradhan, In-person ....4/- - 4 - In I.A. Nos.47-48: Dr. M.P. Raju,Adv. Mr. P. George Giri,Adv. Ms. Mary Scaria,Adv. Mr. James P. Thomas,Adv. Ms. Aswathi M.K.,Adv. In I.A. Nos.49-50 Mr. Sunil Kumar Rana,In-person In I.A. Nos.55-56: Dr. Sushil Balwada,Adv. Mr. Balraj S. Malik,Adv. Mr. Dharam Pal,Adv. In I.A. No.57: Mr. Gopal Sankaranarayanan,Adv. [Youth for Equality] Mr. Senthil Jagadeesan,Adv. In I.A. No.58: Mr. K.T.S. Tulsi,Sr.Adv. Mr. Amit Sharma,Adv. Ms. Neha Gupta,Adv. Mr. Raj Kamal,Adv. Mr. Maheen Pradhan,Adv. In I.A. No.59: Dr. Surat Singh,Adv. (N/P) [Universal Publishing] Dr. Manish Arora,Adv. Mr. Arvind Gupta,Adv. Mr. Setu Niket,Adv. Ms. E. Mazumdar,Adv. In I.A. No.60: Mr. S. Chandra Shekhar,Adv. In I.A. No.61: Mr. Vijay Panjwani,Adv. [For Impex Times] For Indian Newspaper Mr. Parag P. Tripathi,Sr.Adv. (N/P) Society: Mr. Anuj Bhandari,Adv. Mr. Sidharth,Adv. Mr. A. Ganguli,Adv. Mr. Anip Sachthey,Adv. Mr. Mohit Paul,Adv. Ms. Shagun Matta,Adv. In I.A. No.14 in Mr. Harish N. Salve,Sr.Adv. (N/P) SLP 26529/2010: Ms. Anuradha Dutt,Adv. Ms. Ekta Kapil,Adv. Mr. Kuber Dewan,Adv. Ms. Preeti Yadav,Adv. Ms. Rashi Kotwalwala,Adv. Ms. Atishree Sood,Adv. Mr. Varun Mishra,Adv. Ms. Vijayalakshmi Menon,Adv. ...5/-

  • 5 -

In CA 733/2012: Mr. Ritin Rai,Adv. Mr. Nakul Dewan,Adv. Mr. Siddhartha Jha,Adv. Ms. Anil Katiyar,Adv. For SCBA: Mr. Ashok Arora,Adv. Mr. Ravi Shankar Kumar,Adv. Mr. Kushagra Arora,Adv. Mr. B.K. Choudhary,Adv.

Mr. Narendra Kumar,Adv.

Mr. Arun Kumar,Adv. Mr. Subhiksh Vasudev,Adv. Mr. Kitin Kumar Thakur,Adv.

UPON hearing counsel the Court made the following

O R D E R

On 24th April, 2012, Dr. Rajiv Dhavan, stated that he wants to make submissions on certain issues raised by learned counsel for various parties. Today, he stated that he does not want to make submissions as, in his view, there is no lis. We may record that learned counsel for the applicant-Sahara India Real Estate Corporation Limited and learned Attorney General for SEBI had made categoric statements on 25th April, 2012, and 26th April, 2012, respectively that they press I.A. Nos.4-5 and 10 filed by them.

I.A. No.60:

The interlocutory application is dismissed.

*** Mr. K.T.S. Tulsi, learned senior counsel, resumed his submissions at 10.30 a.m. and concluded at 12.40 p.m. Mr. Ashok Arora, learned counsel for SCBA, thereafter made his submissions till 2.20 p.m. Thereafter, Mr. T.R. Andhyarujina, learned senior counsel, made his submissions till 3.50 p.m. Mr. Soli J. Sorabjee, learned senior counsel, thereafter made his submissions and was on his legs when the Court rose for the day.

The matters remained part-heard.

[ T.I. Rajput ][ Alka Dudeja ][ Madhu Saxena ]
A.R.-cum-P.S.A.R.-cum-P.S.Assistant Registrar

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