IN THE SECURITIES APPELLATE TRIBUNAL
MUMBAI
Appeal No: 266 of 2004
Date of Decision
31/05/2006
1. KBS Capital Management Ltd.
2. Kantilal Bhogilal Shah
…..Appellants
Versus
1. Securities & Exchange Board of India
2. National Stock Exchange of India Ltd.
3. Bombay Stock Exchange
….Respondents
Mr. Ravikumar Varanasi, Advocate for the appellants
Mr. Dipan Merchant, Sr. Advocate with Mr. U.N. Das, Advocate for respondent No. 1.
None for respondents nos.2 and 3
CORAM
Justice N.K. Sodhi, Presiding Officer
R.N. Bhardwaj, Member
Per: Justice N.K. Sodhi, Presiding Officer (Oral)
Learned counsel for the parties are agreed that the dispute herein is squarely covered by our decision in Alliance Finstock Limited and another v. Securities and Exchange Board of India and another, Appeal no. 123 of 2004 decided on 09/05/2006 and they pray that this appeal be disposed of in the same terms. We order accordingly. No costs.
Sd/-Justice N.K. SodhiPresiding OfficerSd/-R.N.BhardwajMember