BEFORE THE SECURITIES APPELLATE TRIBUNAL

MUMBAI
DATE : 25.03.2015
Misc. Application No. 119 of 2015
And
Misc. Application No. 122 of 2015
In
Appeal No. 59 of 2015
1. Rasoya Proteins Ltd.
Village Wanjiri,
Taluka Wani,
District Yavatmal 445305.
2. Anil Lonkar
Rasoya House, Plot No. 20/21,
Sita Nagar, Kheta Layout,
Near New Sneh Nagar, Wardha Road,
Nagpur, Maharashtra 440015.
3. Prashant Duchakke
Rasoya House, Plot No. 20/21,
Sita Nagar, Kheta Layout,
Near New Sneh Nagar, Wardha Road,
Nagpur, Maharashtra 440015.
4. Sameer Damle
Rasoya House, Plot No. 20/21,
Sita Nagar, Kheta Layout,
Near New Sneh Nagar, Wardha Road,
Nagpur, Maharashtra 440015.
5. Ajay Singh
Khasra No. 120/2 (Old 69, 71/2, 67-70)
Infinity Court Yard, Home Unit No. 27,
Mouza, Kotewada, Behind Mihan,
Hingna to Wardha, Outer Ring Road,
Taluka Hingna Nagpur.

.. Applicants
(Org. Appellants)

Versus
Securities and Exchange Board of India
SEBI Bhavan, Plot No. C-4A, G Block,
Bandra Kurla Complex, Bandra (East),
Mumbai - 400 051.

Respondent
(Org. Respondent)

Ms. Sanchati, Advocate with Mr. Saikishan Lakhwani, Advocate i/b

Poonam Shrivastav for the Applicants.
Mr. J. P. Sen, Senior Advocate with Mr. Tomu Francis, Mr. Nikhil

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Rodrigues, Advocates for the Respondent.

CORAM : Justice J. P. Devadhar, Presiding Officer

Jog Singh, Member

Per : Justice J. P. Devadhar (Oral)

1.

Miscellaneous Application no. 119 of 2015 is filed by SEBI seeking

six weeks extension of time to pass confirmatory order. Miscellaneous

Application No. 122 of 2015 is filed by the appellant seeking an order to
quash the ex-parte ad-interim order dated September 24, 2014 in view of
the fact that SEBI has failed to pass an order within the time stipulated in
our order dated February 16, 2015. Counsel for SEBI states that during the
pendency of these two miscellaneous Applications, the whole time member
of SEBI has passed the confirmatory order on March 23, 2015 and since
there is 10 days delay in passing the said order, seeks condonation of 10
days delay in passing the confirmatory order. Counsel for the appellant
leaves it to the Tribunal.

2.

In view of the circumstance set out in the additional affidavit filed

by SEBI, we deem it proper to condone the delay of 10 days in passing the

confirmatory order.

3.

In view of the passing of the confirmatory order on March 23, 2015,

both the miscellaneous applications become infructuous and they are

disposed of accordingly with no order as to costs.

Sd/Justice J. P. Devadhar
Presiding Officer

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25.03.2015
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Sd/Jog Singh
Member