M/S. MURLI INDUSTRIES LIMITED Vs. SECURITIES AND
SECURITIES APPELLATE TRIBUNAL
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N.K.Sodhi, Presiding Officer (Oral) -
(1.) THIS appeal is directed against the ex -parte order dated December 2, 2010
by the whole time member restraining, among others, the appellants from
or dealing in securities of their own companies and other listed group
further orders. Appellant no.1 and its promoters have also been directed
to desist from
carrying out activities mentioned in the order and to ensure that they do
not change the
shareholding pattern of the promoter group of their related companies.
The ex -parte
order has been treated as a show cause notice and the appellants were
required to file
their replies thereto. We are informed that the appellants would be
filing their replies
shortly and that the respondent Board is likely to give them a further
hearing within the
next two weeks. In this view of the matter, it is not necessary for us to
issues raised in the memorandum of appeal and while leaving them open, we
the appeal as infructuous. No costs.;
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