w w w . L a w y e r S e r v i c e s . i n



Hi-Tech Pipes Ltd. v/s National Stock Exchange of India Ltd. & Another


Company & Directors' Information:- NATIONAL STOCK EXCHANGE OF INDIA LTD. [Active] CIN = U67120MH1992PLC069769

Company & Directors' Information:- K TECH PRIVATE LIMITED [Active] CIN = U25190TN2012PTC084486

Company & Directors' Information:- M TECH INDIA PRIVATE LIMITED [Active] CIN = U30007DL1997PTC087580

Company & Directors' Information:- K. TECH (INDIA) LIMITED [Active] CIN = U24222MH2000PLC123695

Company & Directors' Information:- K. H. PIPES PRIVATE LIMITED [Active] CIN = U36999GJ2017PTC099317

Company & Directors' Information:- A S T PIPES PRIVATE LIMITED [Active] CIN = U27201DL1999PTC099573

Company & Directors' Information:- A K TECH LTD [Active] CIN = U74899DL1986PLC023700

Company & Directors' Information:- M A PIPES PRIVATE LIMITED [Active] CIN = U27106PB1999PTC022705

Company & Directors' Information:- Z-TECH (INDIA) PRIVATE LIMITED [Active] CIN = U74899DL1994PTC062582

Company & Directors' Information:- K P R PIPES PRIVATE LIMITED [Active] CIN = U25200TG2012PTC083229

Company & Directors' Information:- HI TECH PRIVATE LIMITED [Active] CIN = U33111PB1985PTC006494

Company & Directors' Information:- E-TECH INDIA PRIVATE LIMITED [Active] CIN = U51101MH2013PTC240790

Company & Directors' Information:- TECH INDIA LIMITED [Active] CIN = U45201AS1995PLC004380

Company & Directors' Information:- S C PIPES PRIVATE LIMITED [Active] CIN = U27019PB1995PTC017313

Company & Directors' Information:- NATIONAL CO LTD [Strike Off] CIN = U51909WB1917PLC002781

Company & Directors' Information:- S I TECH (INDIA) PRIVATE LIMITED [Strike Off] CIN = U32109MH2003PTC140622

Company & Directors' Information:- M. R. PIPES PRIVATE LIMITED [Active] CIN = U51909DL2010PTC204171

Company & Directors' Information:- A.T. PIPES (INDIA) PRIVATE LIMITED [Active] CIN = U28113HR2010PTC040331

Company & Directors' Information:- HI TECH V PVT LTD [Strike Off] CIN = U30007NL1998PTC005483

Company & Directors' Information:- S C TECH INDIA PRIVATE LIMITED [Strike Off] CIN = U45400HR2015PTC055858

Company & Directors' Information:- R AND D TECH PRIVATE LIMITED [Active] CIN = U33112PN2004PTC018927

Company & Directors' Information:- K. V. TECH INDIA PRIVATE LIMITED [Converted to LLP] CIN = U28939MH2008PTC181898

Company & Directors' Information:- D-TECH INDIA PRIVATE LIMITED [Active] CIN = U72900DL2016PTC304389

Company & Directors' Information:- L N PIPES PRIVATE LIMITED [Strike Off] CIN = U27100WB1999PTC089659

Company & Directors' Information:- V-TECH (INDIA) PRIVATE LIMITED [Active] CIN = U72100MH2000PTC127157

Company & Directors' Information:- V K PIPES PRIVATE LIMITED [Active] CIN = U74999DL2011PTC225848

Company & Directors' Information:- C-TECH INDIA PRIVATE LIMITED [Strike Off] CIN = U72900DL1995PTC070765

Company & Directors' Information:- T B TECH PRIVATE LIMITED [Strike Off] CIN = U70100DL1986PTC023103

Company & Directors' Information:- A STOCK & CO LTD [Under Liquidation] CIN = U51503WB1961PLC025135

Company & Directors' Information:- NATIONAL CORPORATION PVT LTD [Not available for efiling] CIN = U51909PB1942PTC000480

Company & Directors' Information:- S. G. HI-TECH PRIVATE LIMITED [Strike Off] CIN = U45209PB2012PTC036463

Company & Directors' Information:- V TECH CORPORATION PRIVATE LIMITED [Strike Off] CIN = U74900PN2012PTC145814

Company & Directors' Information:- R. S. TECH PRIVATE LIMITED [Active] CIN = U45202MH2010PTC207142

Company & Directors' Information:- HI-TECH CORPORATION PRIVATE LIMITED [Strike Off] CIN = U21000TG2012PTC079870

Company & Directors' Information:- H & M HI-TECH PRIVATE LIMITED [Active] CIN = U72900DL2012PTC238131

Company & Directors' Information:- R S PIPES PRIVATE LIMITED [Active] CIN = U77499DL2005PTC135336

Company & Directors' Information:- H S PIPES PRIVATE LIMITED [Strike Off] CIN = U27109PB1997PTC020776

    Appeal Lodging No. 200 of 2020

    Decided On, 16 July 2020

    At, SEBI Securities amp Exchange Board of India Securities Appellate Tribunal

    By, THE HONOURABLE MR. JUSTICE TARUN AGARWALA
    By, PRESIDING OFFICER
    By, THE HONOURABLE DR. C.K.G. NAIR
    By, MEMBER & THE HONOURABLE MR. JUSTICE M.T. JOSHI
    By, JUDICIAL MEMBER

    For the Appellant: Rishi Sood, Arun Kumar, Company Secretary, Deepika Sharma, i/b Factum Legal Advocates &Solicitors. For the Respondents: R1, Rashid Boatwalla, Rahul Jain, Pruthvi Dhinoja, Advocates i/b MKA & Co., R2, Vishal Kanade, Mihir Mody, Shehaab Roshan, i/b K. Ashar & Co., Advocates.



Judgment Text


1. We have heard Mr. Rishi Sood, the learned counsel for the appellant and Mr. Rashid Boatwalla, the learned counsel for NSEIL and Mr. Vishal Kanade, the learned counsel for SEBI through video conference.

2. After hearing the parties, we direct all the respondents to file a reply within three weeks from today. Three weeks thereafter to the appellant to file rejoinder. Let the matter be listed for admission and for final disposal on September 8, 2020.

3. Parties will take instructions from the Registrar 48 hrs. before the date fixed in order to find out as to whether the appeal would be heard through video conference or through physical hearing.

4. In the meanwhile, the appellant will deposit a sum of Rs. 4,40,000/- (Rupees Four Lakh Forty Thousand Only) pursuant to the interim order of NSEIL within three weeks from today. The amount so deposited will be kept in an escrow account by the respondent and would be subject to the result of the appeal. If the amount is deposited, further recovery shall not be made pursuant to the impugned order during the pendency of the appeal.

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 concern

Please Login To View The Full Judgment!

ed 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.
O R







Judgements of Similar Parties

29-09-2020 National Highways Authority of India Versus Sahakar Global Limited High Court of Delhi
29-09-2020 Mangala & Others Versus National Insurance Company Limited, (Ori. Respondent) Through its Manager In the High Court of Bombay at Nagpur
29-09-2020 National Insurance Co. Ltd. Versus Yuraj Yadu Sawant & Others In the High Court of Bombay at Goa
29-09-2020 National Insurance Co. Ltd. Versus Yuraj Yadu Sawant & Others In the High Court of Bombay at Goa
28-09-2020 National Insurance Co. Ltd., Divisional Office, Panaji, Goa, Now Represented by its Regional Manager, Bengaluru Versus Imran Khan & Others High Court of Karnataka
28-09-2020 The Managing Director, KSRTC, Central Offices, Represented by its Divisional Controller, Mangaluru Versus National Insurance Co. Ltd. & Another High Court of Karnataka
22-09-2020 Hindustan Construction Co. Ltd. Versus National Hydro Electric Power Corporation Ltd. High Court of Delhi
22-09-2020 National Alliance For People's Movements & Others Versus The State of Maharashtra & Others Supreme Court of India
21-09-2020 Rakesh Kumar Agarwalla & Another Versus National Law School of India University, Bengaluru & Others Supreme Court of India
21-09-2020 Branch Manager, National Insurance Co. Ltd., Chitradurga & Others Versus D. Mallappa & Another High Court of Karnataka
19-09-2020 National Investigation Agency Chikoti Garden, Begumpet, Hyderabad, Rep. by A.G. Kaiser Versus Vinay Talekar & Others In the High Court of Bombay at Goa
18-09-2020 Heinz India Private Limited Versus National Insurance Company Limited & Another National Consumer Disputes Redressal Commission NCDRC
11-09-2020 The Branch Manager, National Insurance Company Ltd, Puducherry Versus Ulagaratchagan & Another High Court of Judicature at Madras
09-09-2020 Shreyas Sinha Versus The West Bengal National University Of Juridical Sciences & Others Supreme Court of India
09-09-2020 Oriental College of Teacher Education, Represented by Its Manager, Calicut Versus The Regional Director, National Council for Teacher Education, New Delhi High Court of Kerala
03-09-2020 National Insurance Company Limited, Raipur Versus Khorin Bai Sori & Others High Court of Chhattisgarh
03-09-2020 National Insurance Company Limited, Raipur Versus Khorin Bai Sori & Others High Court of Chhattisgarh
02-09-2020 Diwan Chand Goyal Versus National Capital Region Transport Corporation & Another High Court of Delhi
01-09-2020 Indian National Trust For Art and Cultural Heritage (INTACH) Patna Chapter, through its Convener Sri Jatindra Kumar Lall, Patna, Bihar Versus The State of Bihar Through the Chief Secretary, Patna, Bihar & Others High Court of Judicature at Patna
01-09-2020 National Insurance Company Limited Versus Ashwani Kumari & Others High Court of Jammu and Kashmir
27-08-2020 National Highway Authority of India Versus Securities & Exchange Board of India SEBI Bhavan SEBI Securities amp Exchange Board of India Securities Appellate Tribunal
27-08-2020 Hindustan Construction Co. Ltd. Versus National Hydro Electric Power Corporation Ltd. High Court of Delhi
27-08-2020 IRB Ahmedabad Vadodara Super Express Tollway Private Limited Versus National Highways Authority of India High Court of Delhi
26-08-2020 Karvy Stock Broking Limited, Represented by its Vicepresident (Legal) Ch. Viswanath Versus The Union of India, Represented by its Secretary, Ministry of Corporate Affairs, New Delhi & Others High Court of for the State of Telangana
25-08-2020 Branch Manager, National Insurance Company Ltd., Chhattisgarh Versus Indra Bai & Others High Court of Chhattisgarh
24-08-2020 M/s. Narmada Enterprises Through Its Proprietor Pramod Gendre, Chhattisgarh Versus Punjab National Bank Through Its Chief Manager, Chhattisgarh & Others High Court of Chhattisgarh
17-08-2020 National Urban Cooperative Bank Ltd., Uttar Pardesh & Another Versus M/s. Khandelwal Rubber Products Pvt. Ltd., Uttar Pradesh & Another National Consumer Disputes Redressal Commission NCDRC
07-08-2020 National Insurance Company Ltd., Third Floor, No.751, Anna Salai, Chennai Versus Vijaya & Others High Court of Judicature at Madras
07-08-2020 The Divisional Manager, M/s. National Insurance Co. Ltd., Vellore Versus Paneerselvam & Others High Court of Judicature at Madras
04-08-2020 GMR Hyderabad Vijayawada Expressways Pvt. Ltd. & Another Versus National Highways Authority of India & Another High Court of Delhi
04-08-2020 P. Anil Kumar @ Chempazhanthi Anil & Others Versus The Indian Red Cross Society, Represented by Its Secretary General, National IRCS, New Delhi & Others High Court of Kerala
04-08-2020 Kaizen Organics Pvt. Ltd., Jaipur Versus National Insurance Co. Ltd. & Another National Consumer Disputes Redressal Commission NCDRC
01-08-2020 The National Insurance Company Ltd., Divisional Office II, Salem Versus. Raja & Others High Court of Judicature at Madras
31-07-2020 National Insurance Co. Ltd. Through Rajesh Kumar Dy. Manager, New Delhi Versus Biking Food Products (P) Ltd., Telangana National Consumer Disputes Redressal Commission NCDRC
28-07-2020 Dr. Uma Suresh Versus The Authorised Officer, The National Co-Operative Bank Ltd., Bangalore & Others High Court of Karnataka
27-07-2020 Punjab National Bank, Guwahati Versus Madhab Kumar Das & Another & Others High Court of Gauhati
24-07-2020 National Insurance Company Limited Through Its Duly Constituted Attorney Manager, New Delhi Versus M/s. D.D Spinners Pvt. Ltd., Panipat National Consumer Disputes Redressal Commission NCDRC
21-07-2020 Ex-Subedar Vinod Kumar Sharma Versus National Insurance Co. Ltd. National Consumer Disputes Redressal Commission NCDRC
20-07-2020 National Insurance Co. Ltd. Through National Legal Vertical, New Delhi Versus M/s. Krishna Spico Industries Pvt. Ltd., Ghaziabad & Another National Consumer Disputes Redressal Commission NCDRC
17-07-2020 The National Insurance Company Ltd., Cuddalorre Versus B. Muthusamy & Others High Court of Judicature at Madras
17-07-2020 Edelweiss Broking Limited Versus National Stock Exchange of India Limited SEBI Securities amp Exchange Board of India Securities Appellate Tribunal
15-07-2020 Nikhil Singhvi Versus Government of National Capital Territory of Delhi & Another High Court of Delhi
14-07-2020 The Director General (Road Development) National Highways Authority of India Versus Aam Aadmi Lokmanch & Others Supreme Court of India
13-07-2020 M/s. National Insurance Co. Ltd., Erode Versis Baby & Others High Court of Judicature at Madras
06-07-2020 National Insurance Co. Ltd., Chennai Versus A. Badurinssa & Others High Court of Judicature at Madras
30-06-2020 National Seeds Corporation Ltd. Jaipur & Others Versus Manju Devi National Consumer Disputes Redressal Commission NCDRC
25-06-2020 M/s. Goodwill Leather Art Rep By its Prop Md Quddus ALi Alias Md Quddus Ali Molla Versus National Insurance Co. Ltd. & Others National Consumer Disputes Redressal Commission NCDRC
19-06-2020 Vipin Kumar Choudhary Versus Makhan Lal Chaturvedi National University Of Journalism & Communication - Bhopal National Consumer Disputes Redressal Commission NCDRC
19-06-2020 Ram Avtar Versus National Insurance Co. Ltd. National Consumer Disputes Redressal Commission NCDRC
18-06-2020 Rajendra Singh & Others Versus National Insurance Company Limited & Others Supreme Court of India
17-06-2020 S. Selvam Versus The Senior Manager – HRD Air India Limited, (Now known as National Aviation Company of India Limited), Chennai & Others High Court of Judicature at Madras
16-06-2020 Pia Singgh Versus National Law University Delhi High Court of Delhi
15-06-2020 Piara Ram Versus National Insurance Co. Ltd. Through Its Manager, Punjab National Consumer Disputes Redressal Commission NCDRC
09-06-2020 State rep. by the Drugs Inspector, O/o. Director of Drugs Control, Tamil Nadu, Chennai Versus M/s. National Pharmaceuticals [A-3], A Division of Rider Pharmaceuticals Pvt. Ltd., Rep. by Kamalchand Jain, Director & Another High Court of Judicature at Madras
09-06-2020 Rakesh Malhotra Versus Government of National Capital Territory of Delhi & Others High Court of Delhi
08-06-2020 P.P. Jose, Manager, Mattoor, Kalady, Rice Tech Agro Mills Pvt. Ltd. Versus M.M. Abdulkhader, Proprietor, East India Trading Company, Kothamangalam & Another High Court of Kerala
03-06-2020 Bhubaneshwar Expressways Pvt. Ltd. Versus National Highways Authority of India High Court of Delhi
01-06-2020 Aditya Birla Money Limited, Rep. By its Head – Legal & Compliance, L.R. Murali Krishnan Versus The National Stock Exchange of India Limited, Investors Services Cell, Kotturpuram & Others High Court of Judicature at Madras
27-05-2020 Gautam Navlakha Versus National Investigation Agency & Another High Court of Delhi
26-05-2020 Dr. Divyesh J. Pathak & Others Versus National Board of Examinations & Another High Court of Delhi
15-05-2020 Mohet Hojai Versus National Investigation Agency Supreme Court of India
13-05-2020 Jayanta Sarkar Versus National Jute Board & Others High Court of Judicature at Calcutta
06-05-2020 Punjab National Bank & Others Versus Atmanand Singh & Others Supreme Court of India
01-05-2020 Rashtriya Ispat Nigam Ltd. Versus Space Tech Equipments & Structurals Private Limited High Court of Andhra Pradesh
27-04-2020 Dr. Devyesh J. Pathak & Others Versus National Board of Examination & Others High Court of Delhi
22-04-2020 National Agricultural Cooperative Marketing Federation of India Versus S.A. Alimenta Supreme Court of India
07-04-2020 Ultra Tech Nathdwara Cement Ltd. Versus Union of India & Others High Court of Rajasthan
07-04-2020 (The State) The National Investigation Agency, Ministry of Home Affairs, Government of India, Represented by the Superintendent of Police, Assam Versus Akhil Gogoi High Court of Gauhati
23-03-2020 The Branch Manager, National Insurance Company Limited, Sikkim Versus Bishal Chettri & Another High Court of Sikkim
19-03-2020 National Board of Examinations V/S Prometric Testing Pvt. Ltd High Court of Delhi
13-03-2020 The Branch Manager, National Insurance Co. Ltd. Versus Suchandra Basak West Bengal State Consumer Disputes Redressal Commission Kolkata
13-03-2020 The National Insurance Co. Ltd., Kolkata, through its Regional Manager Versus Marotrao & Others In the High Court of Bombay at Nagpur
13-03-2020 M/s. Inno-Tech Electronics Systems, Rep. by it's Proprietor – M. Ravichandran Versus The Commercial Tax Officer, Mylapore Assessment Circle, Chennai & Another High Court of Judicature at Madras
12-03-2020 M/s. National Insurance Co. Ltd., Puducherry Versus Rani & Others High Court of Judicature at Madras
12-03-2020 The Branch Manager, National Insurance Co. Ltd. Versus Subhash Mahanta West Bengal State Consumer Disputes Redressal Commission Kolkata
12-03-2020 National Insurance Co. Ltd., National Legal Vertical (Legal Cell), New Delhi Versus Biswadeb Koley & Others National Consumer Disputes Redressal Commission NCDRC
11-03-2020 M/s. National Insurance Co. Ltd., Basheerbagh, Hyderabad through local branch at Khammam Versus F.R. Phillip High Court of for the State of Telangana
11-03-2020 National Insurance Company Limited, Bhavani Versus P. Rammohan And Others High Court of Judicature at Madras
10-03-2020 National Company, Represented by its Managing Director, Dr. Arun A Raja Versus Joint Chief Controller of Explosives Ministry of Commerce and Industry, Petroleum & Explosives Safety Organization (PESO), (Formerly Department of Explosives), Egmore, Chennai & Others High Court of Judicature at Madras
10-03-2020 S. Nijam Ali @ Nijam Versus Union of India, Rep. by the Addl. Superintendent of Police, National Investigation Agency, Kochi Branch High Court of Judicature at Madras
06-03-2020 National Insurance Co. Ltd., Rajasthan & Another Versus Bhawal Synthetics India Ltd., Rajasthan & Others National Consumer Disputes Redressal Commission NCDRC
06-03-2020 Pankaj Kumar Singh Versus National Thermal Power Corp Ltd. & Others High Court of Madhya Pradesh
06-03-2020 Mumtaz & Others Versus The National Insurance Co. Ltd., & Another High Court of Karnataka
06-03-2020 M/s. Nezone Pipes & Structures, Through its authorized person Rajesh Chetri Versus The State of Manipur through the Commissioner/ Secretary, Manipur & Another High Court of Manipur
05-03-2020 UCO Bank Versus National Textile Corporation Limited & Another Supreme Court of India
05-03-2020 National Insurance Co. Ltd., Chennai Versus S. Chitirai Pandian & Others High Court of Judicature at Madras
05-03-2020 Gunjan Kumar Versus Management of Circle Head Punjab National Bank, Darbhanga & Others High Court of Judicature at Patna
04-03-2020 The National Council of Women in India, Tamil Nadu Branch, Represented by its President, Chennai Versus Arulmighu Kapaleeswarar Koil, Represented by its Joint Commissioner, Executive Officer, Chennai High Court of Judicature at Madras
04-03-2020 Picturehouse Media Ltd., Chennai Versus Bombay Stock Exchange Ltd. & Another SEBI Securities amp Exchange Board of India Securities Appellate Tribunal
04-03-2020 National Insurance Company Ltd. Versus Bhowmik Studio & Colour Lab National Consumer Disputes Redressal Commission NCDRC
03-03-2020 In The Matter of: Punjab National Bank, NOIDA Uttar Pradesh Versus State Bank of India Sam Brnach, New Delhi (Branch Code-04109), New Delhi & Others National Company Law Appellate Tribunal
02-03-2020 G.T.P. Transport Company, Swaranpuri, Salem & Another Versus National Insurance Company Ltd., Divisional Manager, Salem & Another High Court of Judicature at Madras
02-03-2020 Branch Manager, National Insurance Co. Ltd., Represented by Regional Manager, National Insurance Co. Ltd., Bengaluru Versus Latha & Others High Court of Karnataka
28-02-2020 M/s. Techno Global Services Pvt. Ltd. & Another Versus National Insurance Co. Ltd. & Others West Bengal State Consumer Disputes Redressal Commission Kolkata
27-02-2020 Taraknath College of Education Versus National Council For Teacher Education & Another High Court of Delhi
27-02-2020 National Insurance Co. Ltd. Versus Bhagwan Bhika Shirsath & Others High Court of Judicature at Bombay
26-02-2020 Punjab National Bank Versus M/s Vindhya Cereals Pvt. Ltd. National Company Law Appellate Tribunal
25-02-2020 National Insurance Company Ltd. Versus Himachal Pradesh State Electricity Board Limited & Another National Consumer Disputes Redressal Commission NCDRC
21-02-2020 Bharatiya Kamgar Karmachari Mahasangh Versus M/s. Lloyds Line Pipes Ltd. & Another High Court of Judicature at Bombay
20-02-2020 Shree Rama Multi Tech Limited Versus Regional Director High Court of Gujarat At Ahmedabad