SEBI case Against P.S. Saminath Promoter and Managing Director of Pyramid Saimira Theater Limited and 3 ors.
City Sessions Court, Mumbai
: SEBI SPL CASE
: 113994/2016: 09-11-2016
: MHCC02-014262-2016
: 113994/2016: 09-11-2016
: MHCC02-014262-2016
Case Status
Petitioner and Advocate
1) Securities and Exchange Board of IndiaRespondent and Advocate
1) Shri. P.S. Saminath Promoter and Managing Director of Pyramid Saimira Theater Limited and 3 ors.2) Ms Uma Saminathan .. Promoter
3) Shri N. Narayanan
4) Shri. V. Natarajan
Date: 15.11.2021 SEBI spl. Case 68/16 Exh. 102 Exh. 103 Exh. 104 Exh. 105 CORAM: PURUSHOTTAM B. JADHAV, THE SEBI SPECIAL JUDGE/ ADDL. SESSIONS JUDGE, C.R.no. 22 SPP Ms. Anubha Rastogi for the Sebi present. Mr. Ankon Ray, Officer for the Sebi present. Case is already abated against accused no. 1. Accused no. 3 and 4 are on cash bail absent. Accused no. 2 on provisional cash bail absent. Adv. Mr. Nadar for accused n o. 3 and 4 present. Exh. 102 He filed exemption application for accused no. 3 and 4. Exh. 103 He filed adjournment application. In the interest of justice, adjournment granted for hearing on Exh. 65. KB Adv. Mr. Vikram Sutaria for accused no. 2 present. Exh. 104 He filed exemption application for accused no. 2. Exh. 105 he filed application seeking extension of time to furnish surety. O Sebi to say. Sebi filed say on both applications. Order below Exh. 104 & 105 Accused no. 2 filed these applications for his exemption, extension of time to furnish surety and adjournment. Sebi opposed the applications. Ld. Advocate for accused no. 2 submitted that the surety papers are already processed by the department, but accused and the surety could not attend the court because they could not arrange the traveling to Mumbai from Tamilnadu. He undertook to attend the court for completing process of surety application before next date. Considering the undertaking, the applications are allowed in the interest of justice by passing order as follows: ORDER 1. Applications Exh. 104 and 105 are allowed. 2. Exemption granted to accused no. 2 only for today. 3. The time to furnish surety is extended till next date as a last chance. It is hereby clarified that all the requirement should fulfilled in this respect before next date and no further time will be extended. 4. Adjournment granted. 5. Applications are disposed of accordingly. Matter is adjd to 22.12.2021 for compliance and hearing on Exh. Judge
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