0444-2018 Umesh Kumar Modi and Others vs SEBI
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“15. In the result the following order:- Appeal no.443 of 2018 is hereby allowed. The direction of the WTM to the appellant therein is hereby quashed and set aside. Appeal no.444 of 2018 is partly allowed. The direction of the WTM so far as Appellant nos.1, 2 to 4 are concerned is hereby set aside. 16. As regards the appellant nos.5 and 6 the direction of the WTM is modified. In terms of Regulation 32(1)(b) the Appellant nos.5 and 6 are directed to sell the shares acquired in violation of the Regulation and to transfer the proceeds of the same to the Investor Protection
BEFORE THE SECURITIES APPELLATE TRIBUNAL MUMBAI Date of Decision: 29.07.2020
Misc. Application No. 209 of 2020 In Appeal No. 444 of 2018 1. A to Z Holdings Pvt. Ltd. 1400, Modi Tower, 98 Nehru Place New Delhi – 110012. 2. Moderate Leasing & Capital Services Ltd. 415, Modi Tower, 98, Nehru Place, New Delhi-110 019.
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