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2019 (6) TMI 1386 - AT - SEBIIllegal transfer of securities - clearing the trades of other parties - HELD THAT:- While the matter was being heard, we directed the learned counsel appearing for SEBI to seek necessary instructions as to how the appellants are to be protected, if they are found to be genuine investors. When the matter was again taken up after lunch a submission was made by the learned senior counsel that they need further time to seek complete instructions in the matter and requested that the matter may be taken up tomorrow. We adjourn the matter today and the same would be taken up tomorrow i.e. on June 26, 2019 as the first case at 10.30 a.m. We make it clear that the complete instructions be obtained from SEBI, namely, as to how the appellants and other concerned entities would be protected under the SEBI Act if they are found to be genuine investors at the end of the day.
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