R.V. Ravi Kumar

SAT-appeal

• R.V. Ravikumar with PACs allegedly acquired >5% in Ravi Kumar Distilleries Ltd on 3 Oct 2012 and 7 Dec 2012 without open offer, violating Regulation 3(2) SAST 2011.
  WTM vide order dated 2 February 2021 disposed SCN dated 31 January 2019 without any direction, declining to direct open offer under Regulation 32
  Appeal: Appeal No.552 of 2021 and Appeal No.7 of 2022 with Misc Applications 1434/2021, 1481/2022 against WTM order dated 2 February 2021; delay 286 days condoned; heard 23.03.2023, decided 11.04.2023
• R.V. Ravikumar with PACs acquired >5% in RKDL on 3 Oct 2012 (42.17% to 47.25%) and on 7 Dec 2012 (47.25% to 52.29%) without open offer, allegedly violating Reg 3(2); appellants allege crossing 25% threshold under Reg 3(1).
  WTM disposed SCN dated 31 January 2019 against Noticees without any direction, refusing open offer under Reg 32 · SAT condoned 286 days delay in filing Appeal No.7 of 2022
  Appeal: Appeal No.552 of 2021 (Anil Kumar Poddar) and Appeal No.7 of 2022 (First Financial Services Ltd) against WTM order dated 2 Feb 2021; heard 23.03.2023, decided 11.04.2023