ITC Ltd.

SAT-appeal

• SAT matter SATV-0B4A87F64F1CDCA58F6FFCB6
  Miscellaneous Application No. 605 of 2019 was rejected. · Parties were directed to act on the digitally signed copy of the order.
  Appeal: The order states that the Tribunal's order had been challenged by a party before the Supreme Court of India; no Supreme Court appeal number, date or disposal is provided.
• SAT matter SATV-24E87B574D7697F60E333630
  Respondent No. 2 company directed not to declare the revised postal ballot results until SAT delivered judgment · Miscellaneous Application No. 419 of 2019 dismissed as infructuous
  Appeal: Appeal No. 357 of 2019; order dated 13 September 2019; judgment reserved and interim restraint issued pending judgment
• SAT matter SATV-FD5CC404F25F0DF555E20A7E
  Misc. Applications for modification/correction of alleged clerical error rejected · Parties directed to act on digitally signed copy sent by fax and/or email
  Appeal: SAT order challenged before Supreme Court of India by one party (appeal number/date not stated); modification applications rejected on that ground
• SAT matter SATV-FB003C5F43984963AEADECCC
  Misc. Application No.419 of 2019 dismissed as infructuous · Order in Appeal No.357 of 2019 reserved after hearing parties at length
• Proposed sale of Hotel Leelaventure assets to Brookfield via PB Notice dated 18 March 2019 with composite additional promoter deals alleged as related party transactions; JM Financial ARC's 26% equity acquisition alleged in breach of Takeover Regulations.
  SEBI held JMF ARC acquisition of 26% equity only technical violation of Takeover Regulations fit for exemption · Only Jamavar trademark assignment between Company/promoters/affiliates and Brookfield held related party transaction, to be excluded from vote if material
  Appeal: Appeal No.357 of 2019 (ITC Ltd.) and Appeal Lodging No.460 of 2019 (JMFARC) - Order Reserved 13.9.2019, Date of Decision 26.9.2019