Anupkumar S. Sheth

SAT-appeal

• Credit Suisse allegedly acquired 33.12% control of Prime Focus Ltd on pledge invocation without open offer and subsequent acquirers made undervalued open offer at Rs.44.15 for infrequently traded shares in violation of SAST Regulations.
• SAT matter SATV-467D4B058DB9EE61A781ECFA
  Respondents' arguments completed; matter put up on March 3, 2021 for appellants' counsel rejoinder · Parties to take instructions from Registrar 48 hrs before fixed date on video vs physical hearing
  Appeal: Appeal No. 95 of 2021 with Misc. Applications 139 of 2021 and 140 of 2021 and Appeal Lodging No. 111 of 2021 pending; respondents done, rejoinder on 03.03.2021
• SAT matter SATV-3EB50C8C103C07E8D8FDFF1A
  Arguments still continuing; matter put up on 2 March 2021 for continuation of arguments · Parties directed to contact Registrar 48 hours before date fixed to ascertain video conferencing or physical hearing
  Appeal: Appeal No.95 of 2021 with Misc. Applications No.139-140 of 2021 and Appeal Lodging No.111 of 2021 pending; arguments continuing
• SAT matter SATV-7251BDEDC25136D3140E6643
  Put up on 2 March 2021 for continuation of arguments as arguments still continuing · Parties to contact Registrar 48 hours before date fixed on video conferencing vs physical hearing
  Appeal: Appeal No.95 of 2021 with Misc. Application Nos.139-140 of 2021 and Appeal Lodging No.111 of 2021 pending; arguments continuing, next date 2 March 2021
• SAT matter SATV-959DDA84ABE953539643A845
  Put up on 26 February 2021 for continuation of respondents' arguments · Parties to take instructions from Registrar 48 hours before date fixed on hearing mode
  Appeal: Appeal No. 95 of 2021 with Misc. Applications 139 and 140 of 2021 and Appeal (L) No. 111 of 2021 part-heard and pending, listed 26.02.2021
• SAT matter SATV-9612FE409F1B4E291511ECD0
  Order reserved after hearing senior counsel at length · Final Letter of Offer to be subject to result of appeal
  Appeal: Appeal No. 95 of 2021 with Misc. Applications 139-140 of 2021 and Appeal (L) No. 111 of 2021 heard on 03.03.2021; order reserved
• SAT matter SATV-9F0499C8A2F985853D197D1A
  Arguments of respondents completed; listed on March 3, 2021 for appellants counsel rejoinder · Parties to act on digitally signed copy of order sent by fax and/or email
  Appeal: Appeal No. 95 of 2021 with Misc. Applications 139 of 2021 and 140 of 2021 and Appeal Lodging No. 111 of 2021 pending; adjourned to 03.03.2021
• SAT matter SATV-EA98F601E8D06B389E277DA7
  Order reserved after hearing learned senior counsel at length · Final Letter of Offer to remain subject to result of appeal
  Appeal: Appeal No. 95 of 2021 with Misc. Applications 139-140 of 2021 and Appeal (L) No. 111 of 2021 heard on 03.03.2021; order reserved with interim direction on Letter of Offer
• Credit Suisse allegedly acquired 33.12% control of Prime Focus via pledge invocation without open offer and then sold via undervalued open offer at Rs.44.15 for infrequently traded shares, claimed fair value Rs.150 / Rs.115.21
  Appeal: Appeal No.95 of 2021 with Misc. Applications 139-140 of 2021 and Appeal No.105 of 2021, reserved 3 March 2021, decided 24 March 2021
• SAT matter SATV-C4B0D82392E3AA93C6BCF40A
  Put up on February 26, 2021 for continuation of respondents' arguments · Parties to take instructions from Registrar 48 hours before fixed date on video vs physical hearing
  Appeal: Appeal No. 95 of 2021 with Misc. Application Nos. 139 and 140 of 2021 and Appeal (L) No. 111 of 2021 pending; posted for continuation on 26.02.2021