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Sacheta Metals Ltd. Sakasaria Industrial Estate, Chincholi, Behind Hanuman Temple v/s BSE Limited Phiroze Jeejeebhoy Towers, Mumbai
Appeal No. 13 of 2018
Decided On, 24 January 2018
At, SEBI Securities Exchange Board of India Securities Appellate Tribunal
By, THE HONOURABLE MR. JOG SINGH
By, MEMBER & THE HONOURABLE DR. C.K.G. NAIR
For the Appellant: Prakash Shah, Advocate. For the Respondent: Manish Chhangani, i/b Khaitan & Co., Advocates.
Jog Singh, Member (Oral)
1. Not on Board. With the consent of the parties, this appeal is taken up for disposal at the admission stage itself.
2. Appellant is a listed company on Bombay Stock Exchange (‘BSE’ for short). It is aggrieved by the action of the BSE in changing its category from ‘X’ to ‘ST’. Shri. Prakash Shah, Learned Counsel for the Appellant submits that the company has represented before BSE against this unilateral action by representation dated January 10, 2018 followed by reminder dated January 17, 2018.
3. Shri. Manish Chhangani, Learned Counsel for the BSE submits that the BSE will consider this representation and pass appropriate order thereon as per law after hearing the appellant within a period of 10 days from today.
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> 4. Appeal is disposed of in the aforesaid directions with no order as to costs.