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TMI Blog2019 (12) TMI 190X X X X Extracts X X X X X X X X Extracts X X X X ..... m, Ms. Sabeena Mahadik, Mr. Pankaj Uttaradhi, Mr. Sagar Hate and Mr. Aayush Kothari, Advocates i/b Visesha Law Services for the Appellant. Mr. Rafique Dada, Senior Advocate with Mr. Anubhav Ghosh, Advocate i/b The Law Point for the Respondent. Tarun Agarwala (Oral) 1. Filing of the certified copy of the impugned order is dispensed with. 2. We have heard the learned counsel for the parties. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... en to KSBL by its clients, with immediate effect; (iii) The Depositories shall monitor the movement of securities into and from the DP account of clients of KSBL as DP to ensure that clients' operations are not affected; (iv) The Depositories shall not allow transfer of securities from DP account no. 11458979, named KARVY STOCK BROKING LTD (BSE) with immediate effect. The transfer of securitie ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... be filing the application for revocation of order before the WTM but in the meantime since direction no. (ii) as stated aforesaid was creating a problem in settling of the trades of their clients with the clearing house it became necessary to seek certain clarifications from the WTM and, in this regard, the appellant issued letters dated November 24, 2019, November 25 and November 26, 2019 seeking ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r the respondent contended that they have serious apprehension in allowing the prayer of the appellant as it might lead to further misuse of the power of attorney given to them by their clients. 6. Be that as it may. Since a clarification has been sought by the appellant we deem it fit and proper that the WTM should look into this aspect and pass appropriate order after giving an opportunity of ..... X X X X Extracts X X X X X X X X Extracts X X X X
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