2006 (8) TMI 323 - SCH - Companies Law

SEBI shall conclude the investigation expeditiously subject to the sellers depositing Rs. 5.7 crores, if not already deposited. The buyers shall not further transfer or create any third party rights in the shares in dispute.

Summary

The Supreme Court of India in 2006 (8) TMI 323 - SC Order, with Justices G.P. Mathur and S.H. Kapadia, admitted the case for expedited hearing. The operation of the Tribunal's judgment was stayed, pending SEBI's investigation, with sellers required to deposit Rs. 5.7 crores and buyers prohibited from transferring shares in dispute.