2015 (7) TMI 177

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....nior 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 & Co. Mr. Shashank V. Choudhary, Adv....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....aid 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 by NSE on ground that it has no power to tak....