M/S. ADITYA BIRLA FINANCE LTD. Vs. SECURITIES AND EXCHANGE
SECURITIES APPELLATE TRIBUNAL
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N.K.Sodhi, Presiding Officer (Oral) -
(1.) WE have heard the learned counsel for the parties and they agree that the
appeal be disposed of with the following directions:
1. The appellant shall appear on September 12, 2011 at 11 a.m. in the office of the Deputy General Manger (Investigations) of the respondent
Board with all the relevant records pertaining to the disbursement of
loan to Mentor Capital Ltd. together with the loan and security documents.
(2.) IT shall be open to the officer of the Board to call upon the appellant to produce such further documents/records/information that may
be considered necessary for dealing with the request of the appellant for
the release of the securities to the extent of its claim against Mentor
Capital Ltd. Such information, if asked for, shall be furnished within a
week therefrom and thereafter the respondent Board shall on or before
October 17, 2011 take a final decision on the request of the appellant
for the release of the shares to the extent of its claim against Mentor
Capital Ltd. The officer of the Board may also call for such information
as he may deem necessary from Mentor Capital Ltd.
The appeal stands disposed of as above with no order as to costs.;
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