Securities Appellate Tribunal
Price Waterhouse & Co. vs Sebi on 1 June, 2011
BEFORE THE SECURITIES APPELLATE TRIBUNAL
MUMBAI
Appeal No. 9 of 2011
Date of decision: 1.6.2011
1) Price Waterhouse & Co.
a partnership firm registered with the
Institute of Chartered Accountants of
India bearing Registration No. 007567S
having address at 5th Floor, Tower D,
The Millennia, 1 & 2 Murphy Road,
Ulsoor, Bangalore - 560 008.
2) Price Waterhouse & Co.
a partnership firm registered with the
Institute of Chartered Accountants of
India bearing Registration No. 304026E
having address at Plot No Y - 14,
Block EP, Sector V,
Salt Lake Electronics Complex,
Bidhan Nagar, Kolkata - 700091.
3) M/s. Lovelock & Lewes
a partnership firm registered with the
Institute of Chartered Accountants of
India bearing Registration No. 301056E
having address at Plot No Y - 14,
Block EP, Sector V,
Salt Lake Electronics Complex,
Bidhan Nagar, Kolkata - 700091.
4) M/s. Lovelock & Lewes
a partnership firm registered with the
Institute of Chartered Accountants of
India bearing Registration No. 116150W
having address at 252,
Veer Savarkar Marg, Shivaji Park,
Dadar, Mumbai - 400028.
5) Price Waterhouse
a partnership firm registered with the
Institute of Chartered Accountants of
India bearing Registration No. 301112E
having address at Plot No Y - 14,
Block EP, Sector V,
Salt Lake Electronics Complex,
Bidhan Nagar, Kolkata - 700091.
6) Price Waterhouse
a partnership firm registered with the
Institute of Chartered Accountants of
India bearing Registration No. 12754N
having address at P1, Aditya Vihar,
30, Saidulajab, Mehrauli,
Badarpur Road, New Delhi - 110030.
7) Price Waterhouse & Co.
a partnership firm registered with the
Institute of Chartered Accountants of
India bearing Registration No. 50032S
having address at 32, Khadar Nawaz,
2
Khan Road, Nugambakkam,
Chennai - 600006.
8) Price Waterhouse & Co.
a partnership firm registered with the
Institute of Chartered Accountants of
India bearing Registration No. 16844N
having address at Sucheta Bhavan,
1st Floor, II-A, Vishnu Digamber Marg,
New Delhi - 110002.
9) M/s. Dalal & Shah
a partnership firm registered with the
Institute of Chartered Accountants of
India bearing Registration No. 102020W
having address at President Plaza,
1st Floor, Plot No. 36,
Opp. Muktidham Derasar,
Thatlej Cross Road, S. G. Highway,
Ahmedabad - 380054.
10) M/s. Dalal & Shah
a partnership firm registered with the
Institute of Chartered Accountants of
India bearing Registration No. 102021W
having address at 252, Veer Savarkar Marg,
Shivaji Park, Dadar, Mumbai - 400028. ...... Appellants
Versus
Securities and Exchange Board of India
SEBI Bhavan, Plot No. C-4A, G Block,
Bandra Kurla Complex, Bandra (East),
Mumbai - 400 051. ...... Respondent
Mr. Janak Dwarkadas, Senior Advocate with Mr. Navroz Seervai, Senior Advocate,
Mr. Somasekhar Sundaresan, Mr. Farhad Sorabjee, Mr. Zerick Dastur, Ms. Sneha
Sheth and Ms. Prerna Arora, Advocates for Appellants.
Mr. Ravi Kadam, Advocate General with Mr. Shiraz Rustomjee and Mr. Mihir
Mody, Advocates for the Respondent.
CORAM : Justice N. K. Sodhi, Presiding Officer
P. K. Malhotra, Member
S. S. N. Moorthy, Member
Per : Justice N. K. Sodhi, Presiding Officer
Same order as in Appeal no. 8 of 2011 decided on 1.6.2011.
Sd/-
Justice N. K. Sodhi
Presiding Officer
Sd/-
P. K. Malhotra
Member
Sd/-
S. S. N. Moorthy
1.6.2011 Member Prepared & Compared by ptm