2014 (6) TMI 900

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..... Appeal filed against order of this Tribunal dated December 12, 2013 [2013 (12) TMI 1475 - SECURITIES APPELLATE TRIBUNAL MUMBAI] the Apex Court on February 24, 2014 had permitted the appellant to file an application before this Tribunal along with documents which could not be placed before this Tribunal while passing order on December 12, 2013 [2013 (12) TMI 1475 - SECURITIES APPELLATE TRIBUNAL MU .....

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..... lva, Advocate For The Respondent : Mr. Kumar Desai, Advocate with Mr. Tomu Francis, Advocate Per: Justice J.P. Devadhar (Oral) 1. Heard counsel for the parties. This appeal is filed in gross abuse of the process of law and completely disregarding the Apex Court order passed in the case of appellant on February 24, 2014. 2. While permitting withdrawal of Civil Appeal filed against .....

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..... n 15Y(1)(b) is not to be found under the SEBI Act. Section 15Y of SEBI Act in fact debars Civil Courts from entertaining any suit or proceedings against the order of this Tribunal. 5. As per section 15Z of SEBI Act, appeal against any order of this Tribunal is maintainable before the Apex Court. Thus, it is clear that the present appeal filed to challenge the order of this Tribunal dated Decemb .....

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