Securities Appellate Tribunal
Kirloskar Brothers Limited vs Securities and Exchange Board of India on 24 December 2020
BEFORE THE SECURITIES APPELLATE TRIBUNAL
MUMBAI
Date:24.12.2020
Misc. Application No.569 of 2020
And
Misc. Application No.570 of 2020
And
Misc. Application No.571 of 2020
And
Misc. Application No.540 of 2020
And
Appeal L.No.593 of 2020
Kirloskar Brothers Ltd.
...Appellant
Versus
Securities and Exchange Board of India
…Respondent
Mr. Janak Dwarkadas, Senior Advocate with Mr. Ashish Kamat, Mr. Vinay Chauhan, Mr. Rustam Gagrat and Ms.
Ipshita Sen, Advocates for the Appellant.
Mr. Shiraj Rustomjee, Senior Advocate with Mr. Mihir Mody and Mr. Arnav Misra, Advocates i/b. K. Ashar &
Co. for the Respondent.
Order:
1. Connect with appeal no.499 of 2020. The appeal has been filed for enhancement of disgorgement and
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penalty. Some of the appellants in the other connected appeals have raised objection to the maintainability of the present appeal. Six weeks time is allowed to the respondent to file a reply. Three weeks thereafter to the appellant to file rejoinder. The matter would be listed on 2nd March, 2021.
2. Parties are directed to contact the Registrar 48 hours before the date fixed to find out as to whether the hearing would take place through video conferencing or through physical hearing.
3. The present matter was heard through video conference due to Covid-19 pandemic. At this stage it is not possible to sign a copy of this order nor a certified copy of this order could be issued by the registry. In these circumstances, this order will be digitally signed by the Private Secretary on behalf of the bench and all concerned parties are directed to act on the digitally signed copy of this order. Parties will
act on production of a digitally signed copy sent by fax and/or email.
Justice Tarun Agarwala Presiding Officer
Dr. C.K.G. Nair Member
Justice M.T. Joshi Judicial Member
24.12.2020 RHN RAJALAKS HMI H NAIR Digitally signed by RAJALAKSHMI H NAIR Date: 2020.12.28 15:40:11 +05'30'
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