Chandra Prakash Tripathi

SAT-appeal

• SAT matter SATV-03FF419CD697E720F391830F
  Order reserved · Parties directed to act on the digitally signed copy of the order
  Appeal: Appeal No. 202 of 2020; order reserved on 27 November 2020
• SAT matter SATV-16A2A67E55383E6990B16AC3
  Appellant permitted to amend the array of parties and memo of appeal, if required · Amendment application with proposed amended memo to be filed after serving all parties, including the proposed respondent
  Appeal: Appeal Lodging No. 191 of 2020; order dated 8 July 2020; amendment-stage directions issued and matter listed for admission
• Dispute over valuation of infrequently traded shares of Federal-Mogul Goetz (India) Ltd for 25.02% open offer: acquirer offer Rs.400 vs SEBI direction Rs.608.46 based on Haribhakti valuation Rs.600.
  All present appeals arising from SEBI order dated 4 July 2019 held liable to be dismissed
• Dispute over fair open offer price for infrequently traded shares of Federal Mogul Goetze (India) Ltd on indirect acquisition via Federal Mogul chain; Rs.400 offered vs Rs.608.46 directed by SEBI.
  Appeal No.108 of 2019 allowed with no order as to costs · Impugned SEBI observation/direction dated 20 March 2019 set aside
  Appeal: Appeal No.108 of 2019 allowed and remanded; Appeal No.182 of 2019 disposed of on 16 May 2019; orders reserved on 15.4.2019 and 2.5.2019
• Dispute over quantum of interest payable by acquirer; appellant sought direction to SEBI to decide application dated 16 March 2020.
  Appeal No.142 of 2020 dismissed as infructuous at admission stage on 24.6.2020 · Liberty to appellant to file fresh appeal if aggrieved by SEBI decision dated 22 June 2020
  Appeal: Civil Appeal against SAT order 7 Nov 2019 disposed by Supreme Court 16 Dec 2019 modifying SAT order; Misc Application 717/2020 disposed 2 Mar 2020 allowing application to SEBI
• SAT matter SATV-7F0434EDB19492826DAA58CD
  Appellant allowed two weeks to file rejoinder · List on 29 September 2020 for admission and final disposal
  Appeal: Appeal No. 202 of 2020 pending before SAT; adjourned to 29 September 2020 for admission and final disposal
• Dispute over valuation of shares for the open offer triggered by acquisition of control/shareholding in Federal-Mogul Goetz (India) Ltd.; no misconduct or securities-law contravention was adjudicated.
  Appeal No.352 of 2019, Appeal No.359 of 2019 and Appeal Lodging Nos.458 and 459 of 2019 dismissed. · SEBI’s remand decision dated 4 July 2019 revising the open-offer price to Rs.608.46 per share upheld.
  Appeal: SAT disposed of Appeal No.352 of 2019, Appeal No.359 of 2019, Appeal Lodging Nos.458 and 459 of 2019 and Misc. Application No.418 of 2019 on 7 November 2019; all appeals dismissed.
• Challenge to SEBI's rejection of compensatory interest claimed by a minority shareholder in connection with an open offer. The appellant sought additional interest for the period during which SEBI was determining the offer price.
  Appeal No. 202 of 2020 dismissed. · SEBI's order dated 22 June 2020 rejecting the interest application upheld.
  Appeal: Appeal No. 202 of 2020 dismissed by SAT on 9 December 2020; prior related appeals were dismissed on 7 November 2019, and the Supreme Court affirmed the SAT decision on 16 December 2019.
• Dispute over open-offer price for infrequently traded target; acquirer offered Rs.400 vs SEBI direction to revise to Rs.608.46 on independent valuation.
  Appeal No.108 of 2019 allowed with no costs; impugned SEBI observation/direction set aside · Case remitted to SEBI for fresh decision after considering objections with brief reasons
• SAT matter SATV-F241788F58B2353E899F7B6B
  List Appeal No. 202 of 2020 on 24 November 2020 as agreed between parties · Parties to contact Registrar 48 hours before fixed date to confirm video conferencing or physical hearing
  Appeal: Appeal No. 202 of 2020 pending; adjourned to 24 November 2020 vide order dated 22.10.2020
• SAT matter SATV-E700A1E7EEB62F354CBCB17F
  Amendment application (Misc. Application No. 190 of 2020) allowed · Respondents allowed four weeks to file reply
  Appeal: Misc. Application No. 190 of 2020 and Appeal Lodging No. 191 of 2020 pending; listed for admission and final disposal on September 4, 2020
• SAT matter SATV-6A8B0ADC49A2D69AC8DBC698
  Matter adjourned and directed to be listed on 27 November 2020 · Parties to take instructions from the Registrar 48 hours before the listed date regarding video conference or physical hearing
  Appeal: Appeal No. 202 of 2020 was adjourned on 24 November 2020 and directed to be listed on 27 November 2020
• SAT matter SATV-6B69993BC4B19CB9A0C6CE14
  Stand over to October 22, 2020 · Parties to approach Registrar 48 hours before fixed date for hearing mode
  Appeal: Appeal No. 202 of 2020 pending; adjourned to October 22, 2020