0062-2008 Arun Kumar and Others vs Securities and Exchange Board of India

SAT · Final order

Reviewed by Varun Matlani, Advocate — Securities Lawyer practicing in SAT and SEBI

Full text

BEFORE THE SECURITIES APPELLATE TRIBUNAL MUMBAI Appeal No. 62 of 2008 Date of decision : 13.10.2008 1. Arun Kumar 2. K. R. Ravishankar 3. Arcolab India Private Limited 4. Caryl Pharma Private Limited

…… Appellants Versus

Securities and Exchange Board of India …… Respondent Mr. Anand Desai Advocate with Mr. Karthik Somasundram Advocate for Appellants. Mr. Kumar Desai Advocate with Ms. Foram Shah Advocate for the Respondent. Coram : Justice N.K. Sodhi, Presiding Officer Arun Bhargava, Member Utpal Bhattacharya, Member Per : Justice N.K. Sodhi, Presiding Officer The shareholders of Strides Arcolabs Limited (for short the company) in an Extra-

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