Cairn UK Holdings Ltd.

SAT-appeal

• SAT matter SATV-1689AF83AFA85D401FE2EF45
  Respondent granted three weeks to file a reply · Appellant granted three weeks thereafter to file a rejoinder
  Appeal: Appeal No. 2 of 2021 was pending; procedural directions issued on 9 July 2021 and matter listed for admission and final disposal on 15 September 2021
• SAT matter SATV-27349D004690584DA3615612
  Amendment application allowed. · Necessary amendment to be carried out in the review application.
  Appeal: Appeal No. 2 of 2021 was before SAT; this order dated 20 September 2022 allowed an amendment application in Review Application No. 21 of 2022 and listed it for 10 October 2022.
• Alleged non-payment of Rs 340.64 cr dividend due by Cairn India despite no attachment or court order, in violation of Section 127 Companies Act and Regulation 4(2)(c) LODR.
  Appeal allowed in part; SEBI to reconsider complaint dated April 13, 2017 on Companies Act and LODR violations and pass appropriate orders expeditiously · Rejected prayer to direct Cairn India to pay dividend with 18% p.a. interest as amount transferred to income tax authorities
• SAT matter SATV-4739B080E58B5623CBAE9699
  Recalled order dated 20 June 2022 and permitted Respondent No.2 to place arguments in interest of justice · Heard all parties and reserved order for final disposal
  Appeal: Appeal No.2 of 2021 - heard on 20.06.2022 and 28.06.2022, order reserved; not finally disposed
• SAT matter SATV-33E0E53EBFF06D5E33AD738C
  Respondent No. 2 directed to file an affidavit regarding the contents of the three praecipes · Matter listed for 28 June 2022
  Appeal: Appeal No. 2 of 2021; procedural order dated 27 June 2022; matter directed to be listed on 28 June 2022
• SAT matter SATV-ED49932E2478338A14BB8CDA
  Adjourned on request of learned counsel for applicant · List matter on September 13, 2022
  Appeal: Review Application No. 21 of 2022 in Appeal No. 2 of 2021 - adjourned on 26.08.2022, next listing September 13, 2022