2015 (7) TMI 177

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....Appellant : Mr. Darius Khambata, Senior Advocate with Mr. Pesi Modi, Senior Advocate, Mr. Somasekhar Sundaresan, Mr. Abhishek Venkatraman and Mr. Dhaval Kothari, Advocates i/b J. Sagar Associates, Zal Andhyarujina, Advocate with Mr. Ajai Achuthan, Advocate For The Respondent : Mr. E. P. Bharucha, Senior Advocate with Mr. Rashid Boatwalla and Ms. Aditi Kamath, Advocates i/b Manilal Kher Ambalal ....

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....ed the said application. Challenging the said order Emkay had filed Appeal No. 64 of 2013. While setting aside the said order and allowing the appeal by way of remand on August 26, 2014, we had directed NSE to pass fresh order on annulment application after hearing the concerned parties. 3. When the matter was taken up for fresh hearing, parties submitted settlement proposal which was rejected ....

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.... Appellate Tribunal (Procedure) Rules, 2000 direct NSE to take on record the settlement proposed by the appellants and release the withheld payment to the parties in terms of the settlement. NSE is directed to release the withheld payment asexpeditiously as possible and in any event within a period of two weeks from today. 6. Both the appeals relating to annulment of trades are disposed of acco....