Securities Appellate TribunalGeofin Comtrade Ltd vs Sebi on 5 October, 2021BEFORE THE SECURITIES APPELLATE TRIBUNAL\n                 MUMBAI\n\n                                       Date: 5.10.2021\n\n                       Appeal No.214 of 2019\n\nGeofin Comtrade Ltd                        ...Appellant\n\n                  Versus\n\nSecurities and Exchange Board of India &\nAnr.                                       ...Respondents\n\n\nMr. Kevic Setalvad, Senior Advocate with Mr. Mihir\nMody, Mr. Arnav Misra and Mr. Mayur Jaisingh,\nAdvocates i/b. K. Ashar & Co. for the Respondent no.1.\n\n                       With\n                       Appeal No.217 of 2019\n\nPhillip Commodities India Pvt. Ltd.        ...Appellant\n\n                  Versus\n\nSecurities and Exchange Board of India &\nAnr.                                       ...Respondents\n\nMr. Neville Lashkari , Advocate with Mr. Prakash Shah,\nAdvocate i/b. Prakash Shah & Associates and Mr.\nAlauddin Shaikh, Authorised Representative of the\nAppellant.\n\nMr. Fredun De Vitre, Senior Advocate with Mr. Mihir\nMody, Mr. Arnav Misra and Mr. Mayur Jaisingh,\nAdvocate i/b. K. Ashar & Co. for the Respondent no.1.\n\n                        With\n                        Appeal No.218 of 2019\n                            2\n\n\n\n\nIIFL Commodities Ltd.                      ...Appellant\n\n                 Versus\n\nSecurities and Exchange Board of India &\nAnr.                                       ...Respondents\n\nMr. Mustafa Doctor, Senior Advocate with Ms. Tanmayi\nRajadhakshya, Mr. R.S. Loona, Mr. Ankur Loona, Ms.\nAparna Wagle and Ms. Swapna Roopavate, Advocates\ni/b. Alliance Law for the Appellant.\n\nMr. Rafique Dada, Senior Advocate with Mr. Mihir\nMody, Mr. Arnav Misra and Mr. Mayur Jaisingh,\nAdvocates i/b. K. Ashar & Co. for the Respondent no.1.\n\n                        With\n                        Appeal No.288 of 2019\n\nAnand Rathi Commodities Ltd.               ...Appellant\n\n                 Versus\n\nSecurities and Exchange Board of India &\nAnr.                                       ...Respondents\n\n\nMr. Kevic Setalvad, Senior Advocate with Mr. Mihir\nMody, Mr. Arnav Misra and Mr. Mayur Jaisingh,\nAdvocates i/b. K. Ashar & Co. for the Respondent no.1.\n\n                        With\n                        Appeal No.289 of 2019\n\nMotilal Oswal Commodities Broker P. Ltd.   ...Appellant\n\n                 Versus\n                            3\n\n\n\n\nSecurities and Exchange Board of India &\nAnr.                                       ...Respondents\n\n\nMr. Kevic Setalvad, Senior Advocate with Mr. Mihir\nMody, Mr. Arnav Misra and Mr. Mayur Jaisingh,\nAdvocates i/b. K. Ashar & Co. for the Respondent no.1.\n\n                    With\n                     Appeal No.567 of 2019\n\n\nNational Spot Exchange Ltd.                ...Appellant\n\n                 Versus\n\nSecurities and Exchange Board of India &\nAnr.                                       ...Respondents\n\n\nMr. Mihir Mody, Advocate with Mr. Arnav Misra and\nMr. Mayur Jaisingh, Advocates i/b. K. Ashar & Co. for\nthe Respondent no.1.\n\nMr. Prakash Shah, Advocate i/b. Prakash Shah &\nAssociates and Mr. Alauddin Shaikh, Authorized\nRepresentative for the Respondent No.2.\n\n\n                     With\n                     Appeal No.568 of 2019\n\nNational Spot Exchange Ltd.                ...Appellant\n\n                 Versus\n\nSecurities and Exchange Board of India &\nAnr.                                       ...Respondents\n                            4\n\n\n\n\nMr. Mihir Mody, Advocate with Mr. Arnav Misra and\nMr. Mayur Jaisingh, Advocates i/b. K. Ashar & Co. for\nthe Respondent no.1.\n\n                     With\n                     Appeal No.569 of 2019\n\n\nNational Spot Exchange Ltd.                ...Appellant\n\n                 Versus\n\nSecurities and Exchange Board of India &\nAnr.                                       ...Respondents\n\nMr. Mihir Mody, Advocate with Mr. Arnav Misra and\nMr. Mayur Jaisingh, Advocates i/b. K. Ashar & Co. for\nthe Respondent no.1.\n\n                     With\n                     Appeal No.570 of 2019\n\nNational Spot Exchange Ltd.                ...Appellant\n\n                 Versus\n\nSecurities and Exchange Board of India &\nAnr.                                       ...Respondents\n\nMr. Rafique Dada, Senior Advocate with Mr. Mihir\nMody, Mr. Arnav Misra and Mr. Mayur Jaisingh,\nAdvocates i/b. K. Ashar & Co. for the Respondent no.1.\n\nMr. Mustafa Doctor, Senior Advocate with Ms. Tanmayi\nRajadhakshya, Mr. R.S. Loona, Mr. Ankur Loona, Ms.\nAparna Wagle and Ms. Swapna Roopavate, Advocates\ni/b. Alliance Law for the Respondent no.2.\n                                5\n\n\n\n\n                         With\n                         Appeal No.571 of 2019\n\nNational Spot Exchange Ltd.                      ...Appellant\n\n                     Versus\n\nSecurities and Exchange Board of India &\nAnr.                                             ...Respondents\n\nMr. Kevic Setalvad, Senior Advocate with Mr. Mihir\nMody, Mr. Arnav Misra and Mr. Mayur Jaisingh,\nAdvocates i/b. K. Ashar & Co. for the Respondent no.1.\n\nOrder:\n\n1.List on 22nd October, 2021.2.      Parties are directed to contact the Registrar 48 hours\n\n     before the date fixed to find out as to whether the\n\n     hearing would take place through video conferencing\n\n     or through physical hearing.3.      The present matter was heard through video\n\n     conference due to Covid-19 pandemic. At this stage it\n\n     is not possible to sign a copy of this order nor a\n\n     certified copy of this order could be issued by the\n\n     registry. In these circumstances, this order will be\n\n     digitally signed by the Private Secretary on behalf of\n\n     the bench and all concerned parties are directed to act6on the digitally signed copy of this order. Parties will\n\n  act on production of a digitally signed copy sent by fax\n\n  and/or email.Justice Tarun Agarwala\n                                                   Presiding Officer\n\n\n\n                                                 Justice M.T. Joshi\n                                                 Judicial Member\n            RAJALA\n5.10.2021   KSHMIDigitally signed byRAJALAKSHMI H NAIRDate: 2021.10.0814:13:30 +05'30'RHN         H NAIR