In the matter of Contact Consultancy Services Pvt. Ltd

IN THE SECURITIES APPELLATE TRIBUNAL

MUMBAI

 

Review Application No.11 of 2005

In

Appeal No. 138 of 2004

 

 

Date of Hearing : 09/02/2005

Date of Decision : 09/02/2005

 

In the matter of

Applicant / Respondent – Represented by :

Securities and Exchange Board of India             Mr. Dipan Merchant, advocate

 

                        Versus

 

Contact Consultancy Services P. Ltd.                           Respondent – Represented by

                        & Others                                              Mr. J. J. Bhatt, Advocate.

 

 

CORAM

 

Justice Kumar Rajaratnam, Presiding Officer

                        Dr. B. Samal, Member

                        N.L. Lakhanpal, Member

 

 

Per: Justice Kumar Rajaratnam, Presiding Officer.

 

 

1. This order is passed by consent of parties.

 

1. At page 5 of the order which is under challenge in review, it is stated that there was broad consensus during the appeal in 61/2003 between parties that SEBI should either direct the party to go for a public announcement if the party is in violation of Regulation 10 of SEBI (SAST) Regulations or proceed under Section 15H(2).  It was  submitted by both sides, in appeal 61/2003 there was no such broad consensus and it was an order of the Tribunal. We make it clear that in appeal 61/2003 it was the order of the Tribunal on the facts of that case.  This order is passed by consent of parties.

 

1. Review application disposed of accordingly.

 

(Pronounced in Court)

 

(Justice Kumar Rajaratnam )

Presiding Officer

 

(Dr. B. Samal)                                                                                                                              (N.L.Lakhanpal)

Member                                                                                                                                                       Member

 

Place : Mumbai

Date  :  09/02/2005