Celestine Farms v. SEBI
Case brief
What is this about?
The Securities Appellate Tribunal dismissed an appeal filed by a private company operator of collective investment schemes as withdrawn. The company had sought to withdraw to comply with SEBI regulations regarding winding up and repayment of investor funds.
What did the court decide?
The appeal was withdrawn; the prayer to withdraw was allowed; the appeal was dismissed as withdrawn. Liberty granted to approach the Tribunal in case of fresh adverse orders.
BEFORE THE SECURITIES APPELLATE TRIBUNAL MUMBAI
APPEAL NO.42/2001 APPLICATION NO.20/2002
In the matter of:
M/s. Celestine Farms & Properties Management Pvt. Ltd. Appellant Vs.
Securities and Exchange Board of India Respondent
APPEARANCE:
Ms. Usha K. Srivastava Advocate for Appellant Shri J. Ranganayakulu Jt. Legal Advisor, SEBI for Respondent
(Appeal arising out of the order dated 26.07.2001 made by the Securities and Exchange Board of India)
ORDER
The Appellant is a private limited company registered under the Companies Act, 1956. It is stated to be carrying on the activities of collective investment schemes attracting the regulatory provisions applicable to the collective investment schemes provided in the SEBI (Collective Investment Schemes) Regulations, 1999 (the 1999 Regulations).
Parties & counsel
- appellant
M/s. Celestine Farms & Properties Management Pvt. Ltd.
- respondent
Securities and Exchange Board of India
Coram
A. Achutan
Case details
As recorded by the court registry
Similar cases
Judgements on the same questions, provisions and authorities, from every court