K. P. Singh

SAT-appeal

• Alleged failure to disclose material information in DLF’s IPO offer documents, including the restructuring and transactions involving Sudipti, Shalika and Felicite and related litigation/complaints.
  Appeals against the WTM order dated 10 October 2014 were heard together, with Appeal No. 331 of 2014 treated as the lead case. · Impugned three-year restraint from accessing the securities market and dealing in securities was challenged.
  Appeal: Appeal Nos. 331, 392, 393, 394, 395, 396 and 415 of 2014 were heard together; decision dated 13 March 2015.
• Alleged failure to disclose material information concerning group companies, transactions and a complaint involving Sudipti Estates in DLF's IPO offer documents.
  Appeals were heard together, with Appeal No. 331 of 2014 treated as the lead case; the provided text does not include the final operative disposal.
  Appeal: Appeal Nos. 331, 392, 393, 394, 395, 396 and 415 of 2014 were heard together; decision dated 13 March 2015. Final disposal directions are absent from the provided excerpt.
• Non-disclosure in second DRHP/RHP/Prospectus of subsidiaries Sudipti, Shalika, Felicite and related KKS FIR/complaint, allegedly misleading IPO investors.
  Impugned WTM order dated 10.10.2014 restrained DLF Ltd and 6 individuals from accessing securities market for 3 years · Prohibited from buying, selling and otherwise dealing in securities directly or indirectly for 3 years
  Appeal: Appeal No. 331 of 2014 with Appeal Nos. 392-396 of 2014 and 415 of 2014, reserved 06.02.2015, decided 13.03.2015
• Alleged non-disclosure in second DRHP/RHP/Prospectus of Sudipti, Shalika, Felicite as subsidiaries/associates and related transactions/complaints, deceiving IPO investors.
  Restrained from accessing securities market for 3 years vide WTM order · Prohibited from buying, selling and otherwise dealing in securities directly or indirectly for 3 years
  Appeal: Appeal No. 331 of 2014 (lead) with Nos. 392-396 and 415 of 2014; reserved 06.02.2015, decided 13.03.2015
• Alleged failure to make complete and truthful disclosures in DLF’s IPO offer documents, including disclosure of subsidiaries, associate companies and litigation/claims involving Sudipti and related entities.
  Appeals were heard together, with Appeal No. 331 of 2014 treated as the lead case; the extracted text does not contain the final operative disposal.
  Appeal: Appeal Nos. 331, 392, 393, 394, 395, 396 and 415 of 2014 were heard together; decision dated 13 March 2015. Final disposal is not included in the extracted text.
• Non-disclosure in second DRHP/RHP/Prospectus of subsidiaries Sudipti, Shalika, Felicite and related KKS complaint/FIR, depriving investors of material information for IPO decision.
  Impugned WTM order restrained company, six directors and CFO from accessing securities market for 3 years · Prohibited from buying, selling and otherwise dealing in securities directly or indirectly for 3 years
• Non-disclosure in second DRHP/RHP/Prospectus of subsidiaries/associates Sudipti, Shalika, Felicite and related KKS complaint/FIR, misleading IPO investors.
  Impugned WTM order restrained DLF and six directors/CFO from accessing securities market for 3 years · Prohibited from buying, selling and otherwise dealing in securities directly or indirectly for 3 years