BEFORE THE SECURITIES APPELLATE TRIBUNAL MUMBAI

Date of Hearing: 1^st July, 2004

Date of decision: 1^st July, 2004

Appeal No.123/2003

In the matter of:

First Custodian Fund Limited Appellant

Vs.

The Chairman, SEBI Respondent

And

Appeal No.124/2003

In the matter of:

Shri Sushil Mantri Appellant

Vs.

The Chairman, SEBI Respondent

And

Appeal No.125/2003

In the matter of:

Shri Manish Banthia Appellant

Vs.

The Chairman, SEBI Respondent

And

Appeal No.126/2003

In the matter of:

Shri Surendra Kumar Banthia Appellant

Vs.

The Chairman, SEBI Respondent

And

Appeal No.127/2003

In the matter of:

Harvesteal Securities Ltd. Appellant

Vs.

The Chairman, SEBI Respondent

And

Appeal No.128/2003

In the matter of:

Shri Rajendra Kumar Mantri Appellant

Vs.

The Chairman, SEBI Respondent

And

Appeal No.129/2003

In the matter of:

Smt. Saroj Banthia Appellant

Vs.

The Chairman, SEBI Respondent

And

Appeal No.130/2003

In the matter of:

Shri Manish Banthia Appellant

Vs.

The Chairman, SEBI Respondent

And

Appeal No.131/2003

In the matter of:

Shri Shirkant G Mantri Appellant

Vs.

The Chairman, SEBI Respondent

All the appellants represented by Shri Sunil C. Gangan, Advocate

The Chairman, SEBI, Respondent represented by Shri Kumar Desai, Advocate

Coram:

Justice Shri Kumar Rajaratnam, Presiding Officer

Shri N. L. Lakhanpal, Member

Per : Justice Kumar Rajaratnam, Presiding Officer

These appeals are taken up with the consent of the parties. It is common ground that the appeals have become infructuous. These appeals being infructuous are dispose of accordingly.

All contentions left open.

No order as to costs.

(Pronounced in Court)

Justice Kumar Rajaratnam

Presiding officer

N. L. Lakhanpal,

Member

Place: Mumbai

Date: 1^st July, 2004.

And
Appeal No.124/2003
In the matter of:
Shri Sushil Mantri                                                                 Appellant
Vs.
The Chairman, SEBI                                                 Respondent

And
Appeal No.125/2003
In the matter of:

Shri Manish Banthia                                                  Appellant
Vs.
The Chairman, SEBI                                                 Respondent
And
Appeal No.126/2003
In the matter of:

Shri Surendra Kumar Banthia                                              Appellant
Vs.
The Chairman, SEBI                                                 Respondent
And
Appeal No.127/2003
In the matter of:

Harvesteal Securities Ltd.                                                    Appellant
Vs.
The Chairman, SEBI                                                 Respondent
And
Appeal No.128/2003
In the matter of:

Shri Rajendra Kumar Mantri                                               Appellant
Vs.
The Chairman, SEBI                                                 Respondent
And
Appeal No.129/2003
In the matter of:
Smt. Saroj Banthia                                                                Appellant
Vs.
The Chairman, SEBI                                                 Respondent
And
Appeal No.130/2003
In the matter of:

Shri Manish Banthia                                                             Appellant
Vs.
The Chairman, SEBI                                                 Respondent
And
Appeal No.131/2003
In the matter of:

Shri Shirkant G Mantri                                                        Appellant
Vs.
The Chairman, SEBI                                                 Respondent

All the appellants represented by Shri Sunil C. Gangan, Advocate
The Chairman, SEBI, Respondent represented by Shri Kumar Desai, Advocate
Coram:
            Justice Shri Kumar Rajaratnam, Presiding Officer
            Shri N. L. Lakhanpal, Member

Per :    Justice Kumar Rajaratnam, Presiding Officer
These appeals are taken up with the consent of the parties. It is common ground that the appeals have become infructuous. These appeals being infructuous are dispose of accordingly.
All contentions left open.
No order as to costs.
(Pronounced in Court)

Justice Kumar Rajaratnam
            Presiding officer


                                                            N. L. Lakhanpal,
                                                            Member

Place: Mumbai
Date: 1^st July, 2004.