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Securities Appellate Tribunal

Goldmoon Securities Ltd. vs Sebi on 11 November, 2022

BEFORE THE SECURITIES APPELLATE TRIBUNAL
                 MUMBAI
                                                 Date: 11.11.2022

               Misc. Application No. 1263 of 2022
                              And
                     Appeal No. 816 of 2022

Rajendra Kumar Sethia                                   ...Appellant

Versus

Securities and Exchange Board of India                 ...Respondent

Mr. Robin Shah and Mr. Udaysingh Kashid, Advocates i/b Bodhi Legal
for the Appellant.

Mr. Abhiraj Arora, Advocate with Mr. Shourya Tanay, Advocate i/b ELP
for the Respondent.


                              WITH
                 Misc. Application No. 1264 of 2022
                                And
                       Appeal No. 817 of 2022

Rajendra Kumar Sethia HUF                               ...Appellant

Versus

Securities and Exchange Board of India                 ...Respondent

Mr. Robin Shah and Mr. Udaysingh Kashid, Advocates i/b Bodhi Legal
for the Appellant.

Mr. Abhiraj Arora, Advocate with Mr. Shourya Tanay, Advocate i/b ELP
for the Respondent.

                              WITH
                 Misc. Application No. 1280 of 2022
                                And
                       Appeal No. 818 of 2022
Mr. Govind Lal Daga                                     ...Appellant
Versus
Securities and Exchange Board of India                 ...Respondent

Mr. Subash Agarwal, Advocate i/b Subash Agarwal & Associates for the
Appellant.

Mr. Abhiraj Arora, Advocate with Mr. Shourya Tanay, Advocate i/b ELP
for the Respondent.
                                    2




                                WITH
                   Misc. Application No. 1281 of 2022
                                  And
                         Appeal No. 819 of 2022

Shiva I. Jaiswal                                         ...Appellant

Versus

Securities and Exchange Board of India                  ...Respondent

Mr. Vikas Bengani, Advocate for the Appellant.

Mr. Abhiraj Arora, Advocate with Mr. Shourya Tanay, Advocate i/b ELP
for the Respondent.

                                WITH
                   Misc. Application No. 1290 of 2022
                                  And
                         Appeal No. 820 of 2022

Rajendra Prasad Gupta                                    ...Appellant

Versus

Securities and Exchange Board of India                  ...Respondent

Mr. Robin Shah and Mr. Udaysingh Kashid, Advocates i/b Bodhi Legal
for the Appellant.

Mr. Abhiraj Arora, Advocate with Mr. Shourya Tanay, Advocate i/b ELP
for the Respondent.

                                WITH
                   Misc. Application No. 1294 of 2022
                                  And
                         Appeal No. 821 of 2022

Ashoke Agarwal & Ors. HUF                               ...Appellants

Versus

Securities and Exchange Board of India                  ...Respondent

Mr. Robin Shah and Mr. Udaysingh Kashid, Advocates i/b Bodhi Legal
for the Appellant.

Mr. Abhiraj Arora, Advocate with Mr. Shourya Tanay, Advocate i/b ELP
for the Respondent.
                                   3

                               WITH
                  Misc. Application No. 1295 of 2022
                                 And
                        Appeal No. 822 of 2022

Niraj Kumar Kajaria                                     ...Appellant

Versus

Securities and Exchange Board of India                 ...Respondent


Mr. Robin Shah, Advocate with Mr. Udaysingh Kashid, Advocate i/b
Bodhi Legal for the Appellant.

Mr. Abhiraj Arora, Advocate with Mr. Shourya Tanay, Advocate i/b ELP
for the Respondent.


                               WITH
                  Misc. Application No. 1296 of 2022
                                 And
                        Appeal No. 823 of 2022
Anand Jain HUF                                          ...Appellant

Versus

Securities and Exchange Board of India                 ...Respondent


Mr. Sohaib Alam, Advocate for the Appellant.

Mr. Abhiraj Arora, Advocate with Mr. Shourya Tanay, Advocate i/b ELP
for the Respondent.


                               WITH
                  Misc. Application No. 1299 of 2022
                                 And
                        Appeal No. 824 of 2022

Shivanand Dubey                                         ...Appellant

Versus

Securities and Exchange Board of India                 ...Respondent

Mr. Amit Kumar, Advocate with Ms. Rinku Valanju, Advocate i/b R V
Legal for the Appellant.

Mr. Abhiraj Arora, Advocate with Mr. Shourya Tanay, Advocate i/b ELP
for the Respondent.
                                   4




                               WITH
                  Misc. Application No. 1304 of 2022
                                 And
                        Appeal No. 825 of 2022

Flyhigh Exports Pvt. Ltd.                               ...Appellant

Versus

Securities and Exchange Board of India                 ...Respondent

Mr. Vikas Bengani, Advocate for the Appellant.

Mr. Abhiraj Arora, Advocate with Mr. Shourya Tanay, Advocate i/b ELP
for the Respondent.

                               WITH
                  Misc. Application No. 1305 of 2022
                                 And
                        Appeal No. 826 of 2022

Mahabir Prasad Garg HUF                                 ...Appellant

Versus

Securities and Exchange Board of India                 ...Respondent

Mr. Abhiraj Arora, Advocate with Mr. Shourya Tanay, Advocate i/b ELP
for the Respondent.

                               WITH
                  Misc. Application No. 1306 of 2022
                                 And
                  Misc. Application No. 1307 of 2022
                                 And
                        Appeal No. 827 of 2022

Rinku Banka                                             ...Appellant

Versus

Securities and Exchange Board of India                 ...Respondent

Mr. Robin Shah, Advocate with Mr. Udaysingh Kashid, Advocate i/b
Bodhi Legal for the Appellant.

Mr. Abhiraj Arora, Advocate with Mr. Shourya Tanay, Advocate i/b ELP
for the Respondent.
                                   5

                               WITH
                  Misc. Application No. 1315 of 2022
                                 And
                        Appeal No. 829 of 2022

Rohan Finance & Securities Limited                       ...Appellant

Versus

Securities and Exchange Board of India & Anr.          ...Respondents


Mr. Abhiraj Arora, Advocate with Mr. Shourya Tanay, Advocate i/b ELP
for the Respondent.


                               WITH
                  Misc. Application No. 1316 of 2022
                                 And
                        Appeal No. 830 of 2022

Abhishek Dhakraborty HUF                                 ...Appellant

Versus

Securities and Exchange Board of India                 ...Respondent


CA Kushal Shah and Mr. Prakash Shah, Advocate i/b Prakash Shah and
Associates for the Appellant.

Mr. Abhiraj Arora, Advocate with Mr. Shourya Tanay, Advocate i/b ELP
for the Respondent.


                               WITH
                  Misc. Application No. 1317 of 2022
                                 And
                  Misc. Application No. 1318 of 2022
                                 And
                        Appeal No. 831 of 2022

Ritika Enclave Pvt. Ltd.                                 ...Appellant

Versus

Securities and Exchange Board of India                 ...Respondent


Ms. Rinku Valanju, Advocate with Mr. Amit Kumar, Advocate i/b R V
Legal for the Appellant.

Mr. Abhiraj Arora, Advocate with Mr. Shourya Tanay, Advocate i/b ELP
for the Respondent.
                                   6



                              WITH
                 Misc. Application No. 1331 of 2022
                                And
                       Appeal No. 832 of 2022

Shubha Agarwal                                          ...Appellant

Versus

Securities and Exchange Board of India                ...Respondent

Mr. Robin Shah, Advocate with Mr. Udaysingh Kashid, Advocate i/b
Bodhi Legal for the Appellant.

Mr. Abhiraj Arora, Advocate with Mr. Shourya Tanay, Advocate i/b ELP
for the Respondent.

                              WITH
                 Misc. Application No. 1332 of 2022
                                And
                 Misc. Application No. 1333 of 2022
                                And
                       Appeal No. 833 of 2022

Badal Mohanty                                           ...Appellant

Versus

Securities and Exchange Board of India                ...Respondent


Mr. Robin Shah, Advocate with Mr. Udaysingh Kashid, Advocate i/b
Bodhi Legal for the Appellant.

Mr. Abhiraj Arora, Advocate with Mr. Shourya Tanay, Advocate i/b ELP
for the Respondent.

                              WITH
                 Misc. Application No. 1336 of 2022
                                And
                 Misc. Application No. 1337 of 2022
                                And
                       Appeal No. 834 of 2022
Nilu Chopra                                             ...Appellant

Versus

Securities and Exchange Board of India                ...Respondent

Mr. Ram Awatar Dhoot, Advocate for the Appellant.

Mr. Abhiraj Arora, Advocate with Mr. Shourya Tanay, Advocate i/b ELP
for the Respondent.
                                    7



                             WITH
                 Misc. Application No. 1349 of 2022
                                And
                       Appeal No. 835 of 2022

Sanjay Garg                                             ...Appellant

Versus

Securities and Exchange Board of India                ...Respondent


Mr. Robin Shah, Advocate with Mr. Udaysingh Kashid, Advocate i/b
Bodhi Legal for the Appellant.

Mr. Abhiraj Arora, Advocate with Mr. Shourya Tanay, Advocate i/b ELP
for the Respondent.

                              WITH
                 Misc. Application No. 1350 of 2022
                                And
                       Appeal No. 836 of 2022

Goldmoon Securities Ltd.                                ...Appellant

Versus

Securities and Exchange Board of India                ...Respondent

CA Kushal Shah and Mr. Prakash Shah, Advocate i/b Prakash Shah and
Associates for the Appellant.

Mr. Abhiraj Arora, Advocate with Mr. Shourya Tanay, Advocate i/b ELP
for the Respondent.


                              AND
                 Misc. Application No. 1351 of 2022
                                And
                       Appeal No. 837 of 2022

Goldmoon Realcon Private Limited                        ...Appellant

Versus

Securities and Exchange Board of India                ...Respondent

CA Kushal Shah and Mr. Prakash Shah, Advocate i/b Prakash Shah and
Associates for the Appellant.

Mr. Abhiraj Arora, Advocate with Mr. Shourya Tanay, Advocate i/b ELP
for the Respondent.
                                          8

ORDER:

1. All these matters are illiquid stock option matters and are being taken up together. As prayed by the learned counsel for the respondent, put up these matters on November 14, 2022.

2. This order will be digitally signed by the Private Secretary on behalf of the bench and all concerned parties are directed to act on the digitally signed copy of this order. Certified copy of this order is also available from the Registry on payment of usual charges.

Justice Tarun Agarwala Presiding Officer RAJALAKS Digitally signed 11.11.2022 HMI by RAJALAKSHMI HARISH NAIR PK HARISH Date: 2022.11.21 13:25:01 +05'30' NAIR