Ashok Bhandari
Penalties and directions recorded
- Appellants directed to make an open offer to shareholders of Electrotherm (India) Ltd.
- Pay 10% annual interest from 12 March 2007 on consideration payable to shareholders whose shares are accepted in the open offer
SAT-appeal
- SAT matter SATV-112AC9989A9EB0E50DAC257EMatter directed to be listed on 25 April 2025Appeal: Appeal No. 730 of 2024 was pending; listed for 25 April 2025 by order dated 16 April 2025
- SAT matter SATV-1F140DD619CFDE081F1BB6A6By consent, the appeal was directed to be listed on 16 April 2025.Appeal: Appeal No. 730 of 2024 was pending; by consent, it was adjourned to 16 April 2025 on 20 March 2025.
- SAT matter SATV-93EAC2CA1F943D546271D40EAdjournment granted by consent, matter to be called on January 16, 2025Appeal: Appeal No. 730 of 2024 and Misc. Application No. 1340 of 2024 pending; adjourned to January 16, 2025
- Alleged acquisition of shares of Electrotherm India Limited in violation of Takeover Regulations, 1997Appeal No. 730 of 2024 disposed of as nothing survives after full compliance · SEBI statement that no further action contemplated against appellants recordedAppeal: Appeal No. 730 of 2024 with Misc. Applications 1340/2024 and 290/2025 disposed of on 11.07.2025
- Failure to make the mandatory public announcement and open offer after acquiring more than 15% of Electrotherm (India) Ltd. through acquisition of Castleshine Pte Ltd. and Leadheaven Pte Ltd.Appeal dismissed at the admission stage · Appellants directed to make an open offer to shareholders of Electrotherm (India) Ltd.Appeal: Appeal No. 442 of 2023 decided on 12 May 2023; appeal dismissed
- SAT matter SATV-79B61525F2FF77363F193129Matter adjourned at the appellants' request. · List the appeal and connected applications on 1 July 2025.Appeal: Appeal No. 730 of 2024, with Miscellaneous Application No. 1340 of 2024 and Miscellaneous Application No. 290 of 2025; adjourned on 19 June 2025 and listed for 1 July 2025.
- SAT matter SATV-7E5A3496A3ABC9F42574754DCall / listed on July 11, 2025Appeal: Appeal No. 730 of 2024 along with Misc. Application Nos. 1340 of 2024 and 290 of 2025 pending; next date July 11, 2025 per order dated 01.07.2025
Source: SecMarx — Ashok Bhandari. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (charges, outcomes, appeal chain) is cited to us.