2016 (5) TMI 1610 - AT - SEBI

SEBI states that the representation made by the Appellant would be considered and appropriate orders would be passed within a period of seven weeks from today. Statement made by Counsel for SEBI is accepted. Appellants in both the Appeals, do not press the Appeals. Both the Appeals are disposed of in the above terms with no order as to costs.

Summary

The Securities Appellate Tribunal Mumbai heard Appeal No. 90 of 2016 and Appeal No. 97 of 2016. SEBI agreed to consider representations made by the Appellant and pass orders within seven weeks. As a result, the Appeals were disposed of with no costs.