Securities Appellate Tribunal
Iifl Commodities Ltd. vs Sebi on 13 December, 2023
BEFORE THE SECURITIES APPELLATE TRIBUNAL
MUMBAI
Date: 13.12.2023
Misc. Application No. 413 of 2023
And
Misc. Application No. 780 of 2023
And
Misc. Application No. 1014 of 2023
And
Appeal No. 01 of 2023
National Spot Exchange Limited ...Appellant
Versus
Securities and Exchange Board of India & Anr. ...Respondents
Mr. Vikram Nankani, Senior Advocate with Mr. Arvind
Lakhawat, Mr. Melvyn Fernandes, Mr. Saurabhsai Ganesan and
Mr. Ibrahim Shaikh, Advocates i/b Vaish Associates Advocates
for the Appellant.
Mr. Shiraz Rustomjee, Senior Advocate with Ms. Shreya
Parikh, Mr. Mihir Mody, Mr. Arnav Misra, Mr. Harshvardhan
Melanta and Mr. Arshaan Lentin, Advocates i/b. M/s. K. Ashar
& Co. for Respondent No. 1
Mr. Prateek Seksaria, Senior Advocate with Mr. Vaibhav Singh
and Mr. Harit Lakhani, Advocates i/b Shardul Amarchand
Mangaldas & Co. for Respondent No. 2
WITH
Appeal No. 02 of 2023
National Spot Exchange Limited ...Appellant
Versus
Securities and Exchange Board of India & Anr. ...Respondents
Mr. Vikram Nankani, Senior Advocate with Mr. Arvind
Lakhawat, Mr. Melvyn Fernandes, Mr. Saurabhsai Ganesan and
Mr. Ibrahim Shaikh, Advocates i/b Vaish Associates Advocates
for the Appellant.
2
Mr. Shiraz Rustomjee, Senior Advocate with Ms. Shreya
Parikh, Mr. Mihir Mody, Mr. Arnav Misra, Mr. Harshvardhan
Melanta and Mr. Arshaan Lentin, Advocates i/b. M/s. K. Ashar
& Co. for Respondent No. 1
Mr. Samyak Pati, Advocate i/b RHP Partners for Respondent
No. 2.
WITH
Appeal No. 03 of 2023
National Spot Exchange Limited ...Appellant
Versus
Securities and Exchange Board of India & Anr. ...Respondents
Mr. Arvind Lakhawat, Advocate with Mr. Melvyn Fernandes,
Mr. Saurabhsai Ganesan and Mr. Ibrahim Shaikh, Advocates
i/b Vaish Associates Advocates for the Appellant.
Mr. Shiraz Rustomjee, Senior Advocate with Ms. Shreya
Parikh, Mr. Mihir Mody, Mr. Arnav Misra, Mr. Harshvardhan
Melanta and Mr. Arshaan Lentin, Advocates i/b. M/s. K. Ashar
& Co. for Respondent No. 1
Mr. Chirag Shah, Advocate with Mr. Robin Shah, Advocate i/b
Bodhi Legal for Respondent No. 2.
WITH
Appeal No. 04 of 2023
National Spot Exchange Limited ...Appellant
Versus
Securities and Exchange Board of India & Anr. ...Respondents
3
Mr. Arvind Lakhawat, Advocate with Mr. Melvyn Fernandes,
Mr. Saurabhsai Ganesan and Mr. Ibrahim Shaikh, Advocates
i/b Vaish Associates Advocates for the Appellant.
Mr. Shiraz Rustomjee, Senior Advocate with Ms. Shreya
Parikh, Mr. Mihir Mody, Mr. Arnav Misra, Mr. Harshvardhan
Melanta and Mr. Arshaan Lentin, Advocates i/b. M/s. K. Ashar
& Co. for Respondent No. 1
Ms. Tanmayi Rajyadhakshya, Advocate with Ms. Aparna
Wagle and Ms. Siddhi Somani, Advocates i/b. Alliance Law for
Respondent No. 2
WITH
Appeal No. 05 of 2023
National Spot Exchange Limited ...Appellant
Versus
Securities and Exchange Board of India & Anr. ...Respondents
Mr. Arvind Lakhawat, Advocate with Mr. Melvyn Fernandes,
Mr. Saurabhsai Ganesan and Mr. Ibrahim Shaikh, Advocates
i/b Vaish Associates Advocates for the Appellant.
Mr. Shiraz Rustomjee, Senior Advocate with Ms. Shreya
Parikh, Mr. Mihir Mody, Mr. Arnav Misra, Mr. Harshvardhan
Melanta and Mr. Arshaan Lentin, Advocates i/b. M/s. K. Ashar
& Co. for Respondent No. 1
WITH
Misc. Application No. 409 of 2023
And
Appeal No. 179 of 2023
IIFL Commodities Ltd. ...Appellant
Versus
Securities and Exchange Board of India ...Respondent
Ms. Tanmayi Rajyadhakshya, Advocate with Ms. Aparna
Wagle and Ms. Siddhi Somani, Advocates i/b. Alliance Law for
the Appellant.
4
Mr. Mihir Mody, Advocate with Mr. Arnav Misra,
Mr. Harshvardhan Melanta and Mr. Arshaan Lentin, Advocates
i/b. M/s. K. Ashar & Co. for the Respondent.
WITH
Misc. Application No. 407 of 2023
And
Appeal No. 180 of 2023
Phillips Commodities India Pvt. Ltd. ...Appellant
Versus
Securities and Exchange Board of India ...Respondent
Mr. Prakash Shah, Advocate i/b Prakash Shah and Associates
for the Appellant.
Mr. Suraj Chaudhary, Advocate with Mr. Mihir Mody,
Mr. Arnav Misra, Mr. Harshvardhan Melanta and Mr. Arshaan
Lentin, Advocates i/b. M/s. K. Ashar & Co. for the Respondent.
WITH
Misc. Application No. 406 of 2023
And
Appeal No. 181 of 2023
Anand Rathi Commodities Ltd. ...Appellant
Versus
Securities and Exchange Board of India ...Respondent
Mr. Prateek Seksaria, Senior Advocate with Mr. Vaibhav Singh
and Mr. Harit Lakhani, Advocates i/b Shardul Amarchand
Mangaldas & Co. for the Appellant.
Mr. Suraj Chaudhary, Advocate with Mr. Mihir Mody,
Mr. Arnav Misra, Mr. Harshvardhan Melanta and Mr. Arshaan
Lentin, Advocates i/b. M/s. K. Ashar & Co. for the Respondent.
5
WITH
Misc. Application No. 189 of 2023
And
Misc. Application No. 405 of 2023
And
Appeal No. 182 of 2023
Motilal Oswal Commodities Broker Pvt. Ltd. ...Appellant
Versus
Securities and Exchange Board of India ...Respondent
Mr. Samyak Pati, Advocate i/b RHP Partners for the Appellant.
Mr. Suraj Chaudhary, Advocate with Mr. Mihir Mody,
Mr. Arnav Misra, Mr. Harshvardhan Melanta and Mr. Arshaan
Lentin, Advocates i/b. M/s. K. Ashar & Co. for the Respondent.
AND
Misc. Application No. 408 of 2923
And
Appeal No. 192 of 2023
Geofin Comtrade Limited ...Appellant
Versus
Securities and Exchange Board of India ...Respondent
Mr. Chirag Shah, Advocate with Mr. Robin Shah, Advocate i/b
Bodhi Legal for the Appellant.
Mr. Suraj Chaudhary, Advocate with Mr. Mihir Mody,
Mr. Arnav Misra, Mr. Harshvardhan Melanta and Mr. Arshaan
Lentin, Advocates i/b. M/s. K. Ashar & Co. for the Respondent.
ORDER:
1. Delay in filing the reply by the respondent and in filing the rejoinder by the appellants are condoned. The applications are allowed. The replies and rejoinders are taken on record.
62. List this group of appeals for admission and for final disposal on January 18, 2024.
Justice Tarun Agarwala Presiding Officer Ms. Meera Swarup Technical Member 13.12.2023 PRERNA Digitally by PRERNA signed PK MANISH MANISH KHARE Date: 2023.12.14 KHARE 11:32:01 +05'30'