2025 (11) TMI 862

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....TE TRIBUNAL, MUMBAI (LB) - AT (Judgement / Order / Decisions)<br>Dated:- 21-7-2025<br>Appeal No. 046 of 2025 [Along with Misc. Application No. 051 of 2025 And Misc. Application No. 519 of 2025] - -<br>Securities / SEBI<br>Justice P.S. Dinesh Kumar, Presiding Officer, Ms. Meera Swarup, Technical Member, And Dr. Dheeraj Bhatnagar, Technical Member For the Appellant : Mr. Mustafa Doctor, Senior A....

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....9, January 02, 2020 and January 11, 2023, SEBI had, inter alia directed NSE National Stock Exchange of India Limited to take steps to ensure refunds to the clients/investors out of the assets belonging to BRH Wealth Kreators Limited and other notices therein. Pursuant to the said orders, NSE initiated proceedings for the aforesaid purpose before the Hon'ble Bombay High Court by filing Commercial S....

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....ep Sancheti, learned Senior Advocate for the SEBI submitted that this Tribunal may permit the Standard Chartered Bank to proceed with the sale. However, the question of law with regard to the first right of realization may be considered in an appropriate case. 3. Shri Mustafa Doctor, learned Senior Advocate for the appellant - Standard Chartered Bank submitted that this Tribunal may clarify tha....