At, SEBI Securities Exchange Board of India Securities Appellate Tribunal
By, THE HONOURABLE MR. JUSTICE J.P. DEVADHAR
By, PRESIDING OFFICER
By, THE HONOURABLE MR. JOG SINGH
By, MEMBER & THE HONOURABLE DR. C.K.G. NAIR
For the Appellant: Manish Jain, Advocate. For the Respondents: R1, Vivek Shah, Advocate, R2, Ajay Khaire a/w Nair Renjith Ramesh, Advocates i/b The Law
J.P. Devadhar, Presiding Officer (Oral)
1. Not on board. Taken up by consent of both the parties.
2. This appeal is filed, inter alia, to challenge the communication of Securities and Exchange Board of India (for short, 'SEBI') dated 7th August, 2017 as also the Order dated 7th August, 2017 issued by 2 Bombay Stock Exchange Ltd. in compliance with the directions contained in the SEBI Communication dated 7th August, 2017.
3. As the appellant has already made a representation to BSE against the said ex-parte order dated 7th August, 2017, with a copy to SEBI, Counsel for the appellant on instruction seeks to withdraw the appeal with liberty to pursue the representation filed beforeSEBI. Accordingly, we permit the appellant to withdraw the appeal with liberty to pursue the representation pending before SEBI.
4. SEBI is directed to dispose of the representation made by the appellant as expeditiously as possible and in any event within a period of six weeks from today. It is made clear that passing of any order on the representation made by the appellant would not preclude SEBI from further investigating the matter and initiate
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appropriate proceedings, if deemed fit. 5. Appeal is disposed of in the aforesaid terms with no order as to costs.