1. Not on Board. Mentioned by Counsel for the Applicant / Orig. Respondent No. 2.
2. This Misc. Application has been filed by Securities and Exchange Board of India (‘SEBI’ for short) seeking extension of additional 6 weeks to issue Show Cause Notice.
3. Counsel for Respondent No. 1 (Orig. Appellant) has strongly objected stating that they have been prejudiced since one year since there has been undue delay in completing the process and the company is suffering on account of that.
4. Given that SEBI is in an advanced stage in the process additional two weeks time is granted to issue show cause notice. No further extension of time will be sought.
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>5. Misc. Application is disposed of accordingly with no order as to costs.