2023 (7) TMI 1546 - AT - SEBI

Appellate Tribunal in Mumbai Rejects Review Applications, No Manifest Error Found in Decision by Justice Agarwala and Ms. Swarup.

The Appellate Tribunal for Securities in Mumbai dismissed the applications, finding no 'manifest error requiring review.' The decision was made by the ... Manipulation or structured trade - Fraudulent and Unfair Trade Practices under SEBI Act - trading pattern of the buyers and the sellers was that they traded in close proximity of time inter-se between them HELD THAT:- No manifest error requiring review. The applications fail and are dismissed. 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. The Appellate Tribunal for Securities in Mumbai, presided over by Justice Tarun Agarwala and Technical Member Ms. Meera Swarup, reviewed applications presented by Mr. Sumit Rai and his team of advocates. The Tribunal concluded that there was no 'manifest error requiring review' in the case presented. Consequently, the applications were dismissed. The order will be digitally signed by the Private Secretary, and parties are instructed to proceed based on this digitally signed document. Certified copies can be obtained from the Registry upon payment.