2023 (7) TMI 3 - SCH - SEBI

Compulsory delisting against the company - Payment of reinstatement fee to the Exchange - As decided in 2022 (3) TMI 1540 - THE SECURITIES APPELLATE TRIBUNAL MUMBAI respondent is entitled to levy fee for the purpose of revocation of suspension of trading in securities and the same is binding on companies desirous of such revocation - HELD THAT - No reason to interfere with the impugned judgment and order 2022 (3) TMI 1540 - THE SECURITIES APPELLATE TRIBUNAL MUMBAI and 2022 (10) TMI 1180 - THE SECURITIES APPELLATE TRIBUNAL MUMBAI passed by the Securities Appellate Tribunal, Mumbai. Civil Appeals are accordingly dismissed. 3 Pending applications, if any, stand disposed of.

Summary

The Supreme Court dismissed the Civil Appeals as it found no reason to interfere with the impugned judgment and order passed by the Securities Appellate Tribunal in Appeal No 550 of 2021 and Review Application No 20 of 2022. Pending applications were disposed of.