IN THE SECURITIES APPELLATE TRIBUNAL

MUMBAI

 

 Appeal No.369/2004 

Date of Hearing	20.1.2005
Date of Decision	20.1.2005

 

In the matter of:

 

Popular Stock & Share	Appellant – Represented by
Services Ltd.	Mr. L.R. Castelino, Advocate
Versus
Securities & Exchange Board	Respondent – Represented by
of India	Mr. Dipan Merchant, Advocate

 

Coram:

          Justice Kumar Rajaratnam, Presiding Officer

          N.L. Lakhanpal, Member

 

Per:  Justice Kumar Rajaratnam, Presiding Officer

 

 

  1.             Heard the counsel for the appellant and the counsel for the respondent.  The appellant has filed a memorandum dated 20.1.2005 stating that the appellant is facing proceedings initiated under the provisions of the Maharashtra Protection of Interest of Depositors (In Financial Establishments) Act, 1999 (MPID Act).  the memorandum further states that no purpose will be served in this appeal and seeks leave of this Court to withdraw this appeal.

  2.            Leave granted.  Appeal is disposed of as withdrawn.  All contentions before the MPID Act are left open.  The appellant is at liberty, if acquitted/discharged under the provisions of the MPID Act, to take such steps in accordance with law to redress his grievance.

(Dictated in Court)

 

N.L. Lakhanpal Member

Justice Kumar Rajaratnam  Presiding Officer

 

 

Place: Mumbai

Date:  20.1.2005

 

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