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2006 DIGILAW 961 (SC)

Securities and Exchange Board of India v. Bhoruka Financial Service Ltd.

2006-08-25

G.P.MATHUR, S.H.KAPADIA

body2006
ORDER : 1. Admit. 2. Hearing expedited. 3. The operation of the impugned judgment and order passed by the Tribunal shall remain stayed. However, it is clarified that the SEBI shall conclude the investigation expeditiously subject to the sellers depositing Rs. 5.7 crores, if not already deposited. The buyers shall not further transfer or create any third party rights in the shares in dispute.