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2005 (4) TMI 290 - SUPREME COURTWhether the appeal is maintainable before the Securities Appellate Tribunal under the Securities and Exchange Board of India Act, 1992 against the order passed by the Board under section 4(4) of the Securities Contract (Regulation) Act, 1956? Held that:- Once the Tribunal had noted that the appeal had been challenged as not being maintainable—it should dispose of the issue of maintainability first before passing any further order. In that view of the matter, the impugned order dated 20-1-2005 is stayed until the Tribunal disposes of the issue of maintainability. The Tribunal is requested to dispose of the issue as early as is conveniently possible, preferably, within a period of 8 weeks from the date.
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