0146-2006 Cementrum I.B.V. vs Securities and Exchange Board of India and Another
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IN THE SECURITIES APPELLATE TRIBUNAL MUMBAI Appeal No. 146 of 2006 Date of decision : 19.11.2007 Cementrum I.B.V. …… Appellant Versus
1. Securities and Exchange Board of India, 2. Ambit Corporate Finance Pvt. Ltd. …… Respondents Mr. Janak Dwarkadas Senior Counsel with Mr. Somasekhar Sundaresan Advocate and Mr. Zerick Dastur Advocate for the Appellant. Mr. J.J. Bhatt Senior Advocate with Mr. Nishit Dhruva Advocate and Ms. Archana Panchal Advocates for the Respondent No.1. Mr. Sagar Divekar Advocate for the Respondent no.2. Coram : Justice N.K. Sodhi, Presiding Officer Arun Bhargava, Member Utpal Bhattacharya, Member Per : Justice N.K. Sodhi, Presiding Officer The dispute herein pertains to the payment of non-compete fee to the selling
promoters. The issue arises in the context of the acquisition by the appellant of a
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