Aftek Limited vs BSE Limited & Another on 14 December 2018

1. BSE Limited BSE Ltd. Dalal Street, Fort, Mumbai- 400 001.

2. NSE Limited NSE Ltd., Exchange Plaza Block G, C1, Bandra Kurla Complex, Bandra East, Mumbai – 400 001.

…Respondents

Mr. Ramesh Mishra, PCS with Mr. Lokanath Mishra, Advocate and Mr. Rnaju Dhuru for the Appellant.

Mr. Tomu Francis, Advocate with Mr. Vivek Shah, Advocate for the Respondent no.1. Mr. Sachin Chandarana, Advocate with Mr. Rahul Jain, Advocate i/b. MKA & Co. for the Respondent no.2.

CORAM: Dr. C.K.G. Nair, Member Per : Dr. C.K.G. Nair (Oral)

Though this appeal was not on Board counsel for the appellant mentioned the matter on account of his inability to appear on December 19, 2018, the scheduled date of next hearing.

2

Misc. Application No.417 of 2018

By this Misc. Application applicant seeks condonation of 36 days delay in filing this appeal. For the reasons stated in the Misc. Application, delay is condoned.

Misc. Application is disposed of accordingly. Appeal No.473 of 2018

1. This appeal has been filed to challenge the communications of BSE Limited (‘BSE’ for short) dated June 26, 2018 and July 2, 2018 whereby the appellant company has been delisted. After hearing the matter for some time, representative of the appellant, on instruction, submits that all payments due to BSE and other pending compliances, which led to delisting the appellant company Aftek Ltd., will be complied with within 15 days from receiving the consolidated list of non-compliances from BSE. If the appellant does comply, then BSE shall give an opportunity of personal hearing to the appellant and pass a final order in accordance with law.

2. Appeal is disposed of on above terms with no order as to costs.

Sd/- Dr. C.K.G. Nair Member

14.12.2018 Prepared and compared by RHN