0241-2022 Autoriders Finance Ltd vs NSEIL
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Full text
“20. A perusal of the aforesaid provisions indicates that no order of delisting shall be passed unless the company is given a reasonable opportunity of being heard. Thus, even though the public notice has been published in the daily newspapers under Regulation 22(4) asking the company to file objection, if any, it is still imperative for the Delisting Committee to provide an opportunity of hearing before passing the impugned order. By not giving an opportunity of hearing, the impugned order is violative of the principles of natural justice and cannot be sustained.” The said deci
BEFORE THE SECURITIES APPELLATE TRIBUNAL
MUMBAI
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Source: SecMarx — 0241-2022 Autoriders Finance Ltd vs NSEIL. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.