0026-2008 Pavankumar Sanwarmal and Others vs Securities and Exchange Board of India
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BEFORE THE SECURITIES APPELLATE TRIBUNAL MUMBAI Appeal No. 26 of 2008 Date of decision : 24.9.2008 1. Pavankumar Sanwarmal 2. Resham Resha Pvt. Ltd. 3. Man-Made Fibres Private Limited …. Appellants Versus 1. Securities and Exchange Board of India 2. Rajesh Shah 3. Dilip Sheth …. Respondents Mr. N. H. Seervai Senior Advocate with Mr. S. H. Merchant and Ms. Chaitra Rao Advocates for Appellants. Dr. Mrs. Poornima Advani Advocate with Ms. Sejal Shah Advocate for Respondent no.1. None present for Respondents no. 2 and 3. Coram : Justice N.K. Sodhi, Presiding Officer Arun Bhargava, Member Utpal Bhattacharya, Member Per : Justice N.K. Sodhi, Presiding Officer Though the appellants herein were not parties to the proceedings conducted by
the Securities and Exchange Board of India (for short the Board) under section 11B of
the Securities and Exchange Board of India Act, 1992 which culminated in the passing
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