In the matter of Grindwell Norton Limited

 

BEFORE THE SECURITIES APPELLATE TRIBUNAL MUMBAI

 

Appeal No.68/2002

 

Date of Hearing: 21st April, 2004

Date of decision: 21st April, 2004

 

In the matter of

Grindwell Norton Limited Appellant – Represented by

Shri P.N. Modi, Advocate

Versus

 

1. Securities and Exchange

Board of India

2. Mr. S. V. Krishna Mohan

Adjudicating Officer Respondents – Represented by

Shri Kumar Desai, Advocate

Ms. Daya Gupta, Advocate

Coram:

Justice Shri Kumar Rajaratnam, Presiding Officer

Dr. B. Samal, Member

Shri N. L. Lakhanpal, Member

 

Per : Shri Kumar Rajaratnam, Presiding Officer

 

The matter relates to mere technicality of not submitting certain information to the Respondent within time. There was a Regularisation Scheme and while the matter was pending in appeal the Appellant sought for regularization under the scheme and the amount that was mentioned in the scheme has been paid by the appellant and accepted by the Respondent. Accordingly the delay having been compounded under the Regularisation

Scheme and the amount being paid and accepted by the respondent the appeal is disposed of accordingly.

Accordingly the impugned order is set aside. No costs.

(Pronounced in Court)

 

 

(Justice Kumar Rajaratnam)

 Presiding Officer

(Dr. B. Samal) Member

(N.L. Lakhanpal) Member

 

 

Place: Mumbai

Date: 21/04/2004

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