CAV JUDGMENT

(PER: HON'BLE MR. JUSTICE VENKATESH NAIK T)

OSA No.3/2020 is filed by the appellant/BSE Limited (Bombay Stock Exchange Limited) under Section 483 of the Companies Act, 1956 r/w Rules 6 and 9 of the Companies Court Rules, 1969 read with Section 4 of the Karnataka High Court Act to set-aside the order dated 07.02.2020 passed by the learned Company Judge in C.A.No.289/2016 in CoP.No.132/2014, whereas, OSA No.28/2015 is filed by the Security Exchange Board of India('SEBI' for short) to set- aside the order dated 21.09.2015 passed in C.A.No.1415/2014, C.A.No.313/2015, C.A.No.1648/2014, C.A.No.1778/2014 and C.A.No.1416/2014 in CoP No.132/2014.

2. The brief facts of the appellant's case in OSA No.3/2020 are as under:-

The appellant/BSE is a recognized stock exchange as defined under the Securities Contracts (Regulation) Act, 1956 (for short 'SERA'). The respondent/Khoday India Limited is a company incorporated under the Companies Act, 1956 and is engaged in the business of manufacture and sale of Indian Manufactured Liquor. The respondent's authorized share capital is Rs.45,00,00,000/- divided into 4,50,00,000 equity shares of Rs.10/-each. The paid-up capital of the Company is Rs