2016 (12) TMI 1814

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....or the Appellant Mr.Anil C. Singh, ASG a/w. Mr. A.R.Malhotra, Mr. N.A.Kazi and Ms.Geetika Gandhi for Applicant / Org. Respondent Ms.Shruti Sardessai i/b. Mr.Ashok V. Jain for Respondent ORDER P. C. 1. Both these Notices of Motion by the Revenue seeks to modify the final order dated 15th October, 2015 of this Court finally disposing of the Writ Petition Nos. 215 of 2003 and 217 of 2003.....

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....This Court in its above common order upheld the challenge of the Stock Exchange to prohibitory and attachment orders issued by the Revenue in regard to membership card licensed to Mr. Bharat S. Khona and Mr. Akhil Dalal by it. On the above aspect, this Court followed the decision of the Apex Court in Bombay Stock Exchange vs. V.S.Kandalgaonkar & Ors. 2015 (2) SCC 1 wherein it is held that the memb....

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....15th October, 2015 by taking out this Notice of Motion cannot be entertained by us in a disposed of petition. Moreover it appears the communication dated 4th May, 2016 is separate cause of action and the present application filed by the Revenue is inappropriate. 5. However, it may be recorded that Mr. Banerjee, learned Counsel appearing for the original Petitioner- Stock Exchange on instruction....