Aug 25, 2006
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Orders :
Orders of Courts
ITEM NO.45 COURT NO.10 SECTION IX
S U P R E M E C O U R T O F I N D I A
RECORD OF PROCEEDINGS
CIVIL APPEAL NO(s). 2720 OF 2006
SECURITIES & EXCHANGE BOARD OF INDIA Appellant (s)
VERSUS
BHORUKA FINANCIAL SERVICE LTD. & ORS Respondent(s)
(With appln(s) for stay and permission to file addl. documents and office report )
Date: 25/08/2006 This Appeal was called on for hearing today.
CORAM :
HON'BLE MR. JUSTICE G.P. MATHUR
HON'BLE MR. JUSTICE S.H. KAPADIA
For Appellant(s) Mr. G.E. Vahanvati, SG
Mr. Bhargava V. Desai,Adv.
Mr. Rahul Gupta, Adv.
For Respondent(s) Ms. Meera Singh, Adv.
Mr. N. Ganpathy,Adv.
Mr. C.A. Sundaram, Sr. Adv.
Mr. Vivek Sibal, Adv.
Mrs. Narayani K. Sibal, Adv.
Mr. Vibhu Bakhru, Adv.
Mr. P.N. Puri ,Adv
UPON hearing counsel the Court made the following
O R D E R
Admit.
Hearing expedited.
The operation of the impugned judgment and order passed by the Tribunal shall remain stayed.
However, it is clarified that the SEBI shall
Conclude the investigation expeditiously subject to the sellers depositing Rs.5.7 Crores, if not already deposited. The buyers shall not further transfer or create any third party rights in the shares in dispute.
(K.K. Chawla) (Radha R. Bhatia)
Court Master Court Master