0066-2006 Uresh Gurbux Motwani and Others vs Securities and Exchange Board of India

SAT · Final order

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IN THE SECURITIES APPELLATE TRIBUNAL MUMBAI Appeal No. 66 of 2006 Date of decision : 21.11.2007 1. Suresh Gurbux Motwani, 2. Kishore Gurbux Motwani, 3. Vinod Gurbux Motwani, 4. Sunearth Ceramics Limited, 5. Meenal Chabaria, 6. Madan Relwani, 7. Gopu Belani, 8. Jaydeep Investments Pvt. Ltd., 9. New Bharat Builders Pvt. Ltd., 10. Habiscus Investments Pvt. Ltd., 11. Onlooker Investments Pvt. Ltd., 12. Mayfair Realtor Pvt. Ltd., 13. M’belle International Pvt. Ltd. 14. Alkan Projects Pvt. Ltd.

…… Appellants Versus

Securities and Exchange Board of India …… Respondent None present on behalf of the Appellant. Mr. Cherag Balsara Advocate with Mr. Pushkar Bavare Advocate for the Respondent. Coram : Justice N.K. Sodhi, Presiding Officer Arun Bhargava, Member Utpal Bhattacharya, Member Per : Justice N.K. Sodhi, Presiding Officer (Oral) This appeal deserves to succeed on the short ground that there is total non-

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