National Highway Authority of India

3 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Impugned adjudication order dated 26 May 2020 imposing Rs.7 lakh penalty set aside.
Penalty directed to be refunded with applicable interest, if deposited.

SAT-appeal

Failure to file unaudited half-yearly financial results within 45 days from the end of the half-year, violating Regulation 52(1) of the LODR Regulations.
Appeal allowed. · Impugned adjudication order dated 26 May 2020 imposing Rs.7 lakh penalty set aside.
Appeal: Appeal No. 232 of 2020, decided on 27 August 2020; impugned penalty order set aside.
Appellant claimed NHAI must pay interest from 1 Jan 2013 to 31 Dec 2018 for retaining maturity proceeds of bonds matured on 30 Dec 2012 but redeemed belatedly on 2 Jan 2019.
Appeal dismissed with no order as to costs · SCORES rejection dated 4 July 2019 upheld; no liability on NHAI to pay post-maturity interest
Appeal: Appeal No. 593 of 2019 decided on 16.04.2021; appeal dismissed with no order as to costs
SAT matter SATV-48C5BC6D02F469DAE343798C
Order reserved after hearing both sides via video conferencing · Parties directed to act on digitally signed copy sent by fax and/or email
Appeal: Appeal Lodging No. 228 of 2020 heard on 24.8.2020 - order reserved

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Source: SecMarx — National Highway Authority of India. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (charges, outcomes, appeal chain) is cited to us.