0363-2018 Pravin N. Gala vs Securities and Exchange Board of India
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“43. We humbly submit that the Mrs. Heena Sanjay Shah (Client Code 8038 from May 25, 2008) and Mrs. Usha Atul Shah (Client Code 5543 from April 30, 2008) are our registered client trading through us for a long time. They are also related to a few other clients as well who regularly trade through us. The funds were received from them as clients and the fact that the same was repaid without any interest thereon supports our contention. It is extremely unreasonable to expect that such amounts will be repaid without any interest if they were in the form of loans.
BEFORE THE SECURITIES APPELLATE TRIBUNAL MUMBAI Order Reserved : 22.7.2019 Date of Decision: 10.10.2019 Appeal No.361 of 2018 1. Inventure Growth and Securities Ltd. 201, Viraj Tower, 2nd Floor, Western Express Highway, Andheri (East), Mumbai – 400069. 2. Nagji K. Rita Flat No.11, Anand Kunj, Daftary Road, Malad (East), Mumbai – 400097. 3. Virendra D. Singh 1605, Grandeur Vasant, Marbour Complex, Nr. Magathane Tele Exchange, W.E. Highway, Borivali (East), Mumbai-400066. 4. Kanji B. Rita 1601, Laburnam Towers, Mahindra Gardens, S.V. Road, Goregaon (W), Mumbai – 400062. 5. Vinod K. Shah Vijaya Bhuvan, 1st Floor, Bajaj Road Vile Parle (West), Mumbai-400056. 6. Arvind Gala Flat No.2, 2nd Floor, Plot No.36A, Pushpa Park, Daftary Road No.3, Malad (East), Mumbai – 400097. 7. Bhavi Gandhi
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