Securities and Exchange Board of India ( Tc 2 /2004 From Supreme Court of India ) v. Golden Forests India Ltd

% 19.10.2010 Present: Mr. Neeraj Malhotra, Advocate for SEBI in W.P.(C) 2148/2010 Ms. Suruchii Agarwal and Mr. Abhimanyu Sharma, Advocates for the Committee appointed by the Apex Court. Mr. Shailendra Bhardwaj, Adv. for the Golden Forest (I) Ltd. W.P.(C) 2148/2010 Heard Mr. Neeraj Malhotra, learned counsel for the petitioner, j It is submittedby Mr. Malhotrathat the writ petitionwas filed before IiS the BombayHighCourtunderArticle226 ofConstitutionofIndiafor issueof I directionsto the banksnot to permitthe.compan}^namelyGoldenForestIndia : Ltd. to operate its bank accounts and to appoint an agency to settle the amount of the investors. i Be it noted,the Apex Courthas alreadyappointedaCommitteeto deal with the claims of the investors and also passed an order directing that none of the accounts of GFIL, its subsidiaries and associate companies in any of the banks in the country shall be operated for withdrawal of any money from the accounts, by GFIL, its subsidiaries and associate companies either by themselves or through their officers or agents unless otherwise permitted by the Court. WP(C)No.2148/2010 Page 1 of2 Certify that the digital file and physical file have been compared and the digital data is as per the physical file and no page is missing. jf. - • In view of the aforesaid, we are inclined to think that the writ petition has.been rendered infructuoUs and is, accordingly, disposed of. We may hasten to add that if the petitioner, namely Securities Exchange Board of India, feels that it has something else to say in the matter, it may file an applicationfor revivalof this writpetition,if so advised. OCTOBER 19,2010 Vld/vk WP(C) No.2148/2010 CHIEF JUSTICE MANMOHSN, J Page 2 of2