IN THE SECURITIES APPELLATE TRIBUNAL

MUMBAI

 

Appeal No. 60/2003

 

Date of Hearing	20.7.2005
Date of Decision	20.7.2005

 

In the matter of:

 

Dewan Rubber Industries Ltd.	Appellant – Represented by
	None
Versus
Securities & Exchange Board	Respondent –Represented by
of India	Mr. Bhavik Narsana, Advocate

 

Coram:

            Justice Kumar Rajaratnam, Presiding Officer

            C. Bhattacharya, Member

            R. N. Bhardwaj, Member

 

Per:  Justice Kumar Rajaratnam, Presiding Officer

 

 

   1.            The learned counsel for the respondent has submitted that the matter has come up before the Court on six earlier occasions, and there were no appearance of the appellant in spite of fresh notice issued and served on the appellant.

   2.            In these circumstances, no useful purpose will be served if the appeal is kept pending.  The appeal is dismissed for non-prosecution.  The appellant is at liberty to file a review if he is inclined to have the appeal restored and explain his innocence.

   3.            Registry to issue a copy of the order to the appellant by registered post.

(Pronounced in Court)

 

 

 

Place: Mumbai

Date: 20.7.2005

 

 

//SR70521