Through the present Civil Appeal number 117 of 2005 arising out of Special Leave Petition Civil number 3221 of 2004 , the appellant has impugned the order passed by the High Court of Judicature at Bombay hereinafter referred to as, the High Court , on 13.10.2003.
The High Court thereafter granted leave to appeal on 1 10 1951, overruling the objections raised by the plaintiff to the grant of such leave.
On 22 1 1951 the lower companyrt ascertained the value as stated above.
Appeals had been preferred by the Board, before the High Court assailing the orders passed by the Securities Appellate Tribunal.
The High Court, through the impugned order had examined Section 15Z of the SEBI Act as amended by the Securities and Exchange Board of India Amendment Act, 2002 .
All the orders under challenge, had been passed by the Securities Appellate Tribunal before 29.10.2002.
The Board which had preferred the appeals, asserted, that all the appeals were maintainable.
Some appeals were preferred before 29.10.2002, and one of the appeals was preferred after 29.10.2002.
