BEFORE THE SECURITIES APPELLATE TRIBUNAL MUMBAI Date : 21.11.2017 Appeal No.136 of 2017 1. B.S. Appliances Limited ….. Appellants 17th KM, Old Madras Road, Avalahalli, Virgonagar Post, Bangalore- 560 049. 2. BPL Limited BPL Works, Palakkad- 678007. 3. Dynamic Electronics Private Limited 11th KM, Arakere, Bannergatta Road, Bangalore 560 076. 4. Namfil Finance Company Private Limited No.23/57, 41st Cross, East End ‘C’ Main, 9th Block, Jayanagar, Bangalore 560069. 5. Nambiar International Investment Company Private Ltd. 167E, Poonawadi, Ambedkar Raod, Dadar, Mumbai – 400 014. 6. Electro Investments Private Ltd. 12A, Goodwill House, Manmalatank Road, Mahim, Mumbai – 400 016. 7. Electronic Research Pvt. Limited “Dynamic House”, No.64, Church Street, Bangalore 560001. 8. BPL Management Services Limited (Formerly BPL Sanyo Finance Limited) 17th Km, Old Madras Road, Avalahalli, Bangalore 560 049. 9. Merino Finance Pvt. Ltd. No.23/57, 41st Cross, East End ‘C’ Main, 9th Block, Jayanagar, Bangalore – 560009. 10. TPG Nambiar No.75, II Cross, Lavelle Road, Bangalore 560 001. 2 11. Meena Nambiar 10/3, Cunningham Crescent Road, Cunningham Road Cross, Bangalore 560 052. 12. Adjit G Nambiar 10/3, Cunningham Crescent Road, Cunningham Road Cross, Bangalore 560 052. 13. Anju Chandrasekhar No.375, 13th Main, 3rd Block, Koramangala, Bangalore 560 034. 14. Thankam Nambiar No.75, II Cross, Lavelle Road, Bangalore 560 001. Versus National Stock Exchange of India Limited Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai – 400051. …… Respondent Mr. Vinay Chauhan, Advocate with Mr. K.C. Jacob, Advocate i/b. Corporate Law Chambers India for the Appellant. Mr. Rashid Boatwalla, Advocate with Charmi Chhadva, Advocate i/b. Manilal Kher Ambalal & Co. for the Respondent. CORAM : Justice J.P. Devadhar, Presiding Officer Jog Singh, Member Dr. C.K.G. Nair, Member Per : Justice J.P. Devadhar (Oral) 1. This appeal is filed to challenge the communication of National Stock Exchange Ltd. (“NSE” for short) dated 6/3/2017. In view of the grievance made by the appellants that the impugned order is passed without giving personal hearing, Counsel for NSE states that NSE has agreed to hear the 3 appellants and pass a fresh order after hearing the appellant. In fact a letter offering personal hearing is already issued to the appellants. 2. In these circumstances, we set aside the impugned communication dated 6/3/2017 qua the appellants and direct NSE to pass fresh order on merits and in accordance with law after hearing the appellants. 3. Appeal is disposed of in the aforesaid terms with no order as to costs. Sd/- Justice J. P. Devadhar Presiding Officer Sd/- Jog Singh Member Sd/- Dr. C.K.G.Nair Member 21.11.2017 Prepared and compared by RHN .