Mukesh Babu Securities Limited

SAT-appeal

• Whether rejection of renewal of the appellant’s CDSL participant registration was justified because the company was not a fit and proper person and renewal was not in investors’ interests, particularly due to its chairman’s pending criminal case.
  Appeal No. 53 of 2007 dismissed; the SEBI order dated 19 January 2007 rejecting renewal of CDSL participant registration upheld. · Appeals Nos. 62 and 304 of 2004 and 72 of 2006 also dismissed.
  Appeal: Appeal No. 53 of 2007 decided and dismissed on 10 December 2007; the order also disposed of Appeals Nos. 62 and 304 of 2004 and 72 of 2006.
• SAT matter SATV-F3ED2E95B0538BBE415A5640
  For order see / governed by order in Appeal No. 53 of 2007 decided on 10.12.2007
  Appeal: Appeal No. 72 of 2006 decided on 10.12.2007; disposed in terms of Appeal No. 53 of 2007