TMI Blog2010 (1) TMI 584X X X X Extracts X X X X X X X X Extracts X X X X ..... period - no steps have been taken to initiate the proceedings for revocation of license - no action is taken within one month the order of suspension will stand revoked automatically and the petitioner shall be allowed to resume function as a clearing agent without any demur or disturbance - G.A. No. 3073 of 2009 with W.P. No. 851 of 2009 - - - Dated:- 7-1-2010 - Kalyan Jyoti Sengupta and I.P. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ion. According to us this order of suspension cannot continue for an indefinite period. Mr. Ramesh Chowdhury, Learned Counsel appearing for the petitioner submits that as yet no steps have been taken to initiate the proceedings for revocation of license. The Learned Counsel for the respondent, however, unable to throw any light as to the development of this matter. 3. Under such circumstances, w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of suspension will stand automatically revoked in that case upon expiry of four months from date. 5. In view of the aforesaid order this writ petition is accordingly disposed of. 6. We feel that the question formulated by the Hon'ble Single Judge is not required to be answered. 7. The allegations contained in the writ petition are not admitted by the respondents as no affidavit has been cal ..... X X X X Extracts X X X X X X X X Extracts X X X X
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