sebi:10362
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Facts / Headnote
Appeal disposed off; matter remanded to the Delisting Committee of the Exchange to give the company an opportunity of hearing and consider the case on merits
Holding
The appeal of the company was disposed off with directions that the Delisting Committee of the Exchange shall give the company an opportunity of hearing through its authorised representative and shall consider the case on merits and pass appropriate order.
Full text
company before delisting its securities. However, the company had not availed the same. 3. On October 11, 2005, Shri S.K. Batra, Company Secretary, the authorised representative of the company and Shri P. S. Reddy, authorised representative of the Exchange appeared before me. The learned representatives of the opposite parties while reiterating their contentions agreed that in the interest of justice, the Delisting Committee of the Exchange shall give an opportunity of hearing to the company to submit its case through its authorised representative in terms of the requirements of the Exchange and shall consider the case on merits and pass appropriate order. In my view, this course of action would meet the ends of justice as sought by the company. In view of this the appeal of the company is disposed off. The parties may act accordingly. MADHUKAR Whole Time Member Securities and Exchange Board of India Place: Mumbai Date: October 17, 2005.
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Source: SecMarx — sebi:10362. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.