Mr. Prabhat Sethia

SAT-appeal

• The appellants, acting in concert, acquired shares that increased the promoters' combined holding beyond the permitted 5% annual limit without making the required public announcement and open offer under Regulation 11(1) of the Takeover Regulations.
  Appeal No. 187 of 2013 dismissed. · Impugned WTM order dated 4 April 2013 directing a public announcement and payment of 12% annual interest upheld.
  Appeal: SAT Appeal No. 187 of 2013, decided on 5 May 2014; dismissed.
• SAT matter SATV-8E77532AB34EB4F03A36016F
  Misc. Application No. 277 of 2015 for condonation of delay dismissed with no order as to costs · Review Application No. 05 of 2015 consequently dismissed with no order as to costs
  Appeal: Appeal filed before Supreme Court against SAT order dated 05.05.2014 withdrawn; Supreme Court permitted withdrawal on 05.05.2015
• SAT matter SATV-D5D52E0AABC791DB9ED5AF05
  Delay in filing Review Application condoned · Review Application No. 30 of 2019 dismissed for lack of merit
  Appeal: Misc. Application No. 643 of 2019 in Review Application No. 30 of 2019 in Appeal No. 194 of 2019 - Review dismissed on 10.02.2020
• Failure to make public announcement under Regulation 11(1) of Takeover Regulations, 1997 as directed by WTM order dated 04 April 2013.
  Appeal No. 194 of 2019 dismissed in limine at admission stage · Misc. Application No. 253 of 2019 dismissed as infructuous after certified copy filed
  Appeal: Appeal No. 194 of 2019 against AO order dated 30 January 2019 dismissed in limine on 21.05.2019; Misc. Application No. 253 of 2019 dismissed as infructuous