Sandhya Shirish Shah

SAT-appeal

• Failure to comply with the open-offer obligation under Regulation 10 of the SAST Regulations, 1997 after alleged acquisition of shares along with persons acting in concert; alleged violations of the PFUTP Regulations and failure to comply with a WTM direction.
  Impugned WTM and AO orders were quashed and set aside. · WTM/AO directed to reconsider the matter afresh and pass fresh orders on merits.
  Appeal: Appeal Nos. 96, 159 and 429 of 2015 disposed of on 24 November 2017; Misc. Application No. 303 of 2015 condoning 42 months' delay was also disposed of.
• Alleged non-compliance with SEBI's WTM direction to make a public announcement/open offer to shareholders of the target company; separate penalty proceedings alleged failure to comply with that direction.
  Miscellaneous Applications 320 and 321 of 2015 condoning 13-day delay were allowed. · Review Applications 6 and 7 of 2015 were dismissed.
  Appeal: Review Applications 6 and 7 of 2015 in Appeal Nos. 96 and 159 of 2015 were dismissed on 9 February 2016; main appeals remained pending for hearing on 6 April 2016.
• SAT matter SATV-11EA12D8C2D388E471632DB3
  SEBI permitted to attach additional assets found during the CBI search operation · Miscellaneous application disposed of without costs
  Appeal: Misc. Application No. 296 of 2017 in Appeal No. 96 of 2015; application disposed of on 24 November 2017
• Appellants with PACs acquired over 15% of G-Tech Info Training Ltd on 16 Oct 2003 and raised to 31.62% by Dec 2003 without making open offer under Reg 10 SAST 1997, also alleged PFUTP violation.
  All three impugned WTM/AO orders quashed and set aside subject to payment of costs · WTM/AO directed to pass fresh order on merits on respective show cause notices, with further investigation if necessary
  Appeal: Appeal Nos. 96, 159 and 429 of 2015 disposed of on 24 November 2017; Misc. Application No. 303 of 2015 condoning 42 months delay allowed
• SAT matter SATV-B54DA8D1BD3C0D24508C1AB5
  Vacate attachment order as stipulated in para 9 of SAT order dated 24.11.2017 · Modify order dated 24.11.2017 suo moto accordingly
  Appeal: Appeal Nos. 96, 159, 429 of 2015 with Misc. Application 303 of 2015 and Appeal No.440 of 2015 - attachment vacated suo moto on 28.06.2019 modifying order dated 24.11.2017
• SAT matter SATV-BFA698E445EC7C167A323461
  Attachment order vacated as stipulated in para 9 of Tribunal order dated 24.11.2017 · Order dated 24.11.2017 modified accordingly suo moto
  Appeal: Appeal Nos.96,159,429 of 2015 with Misc App 303/2015 allowed 24.11.2017; Appeal No.440/2015 vs Recovery Officer refusal to recall attachment; modified/disposed 28.6.2019 vacating attachment
• SAT matter SATV-CDEB416A8C2024B460F03CD4
  Misc. Application No. 252 of 2015 allowed to be withdrawn with no order as to costs
  Appeal: Misc. Application No. 252 of 2015 in Appeal No. 159 of 2015 withdrawn on 02.08.2016
• SAT matter SATV-BF44C5A891161A1A1D4AEC70
  Recovery Officer to maintain status quo till disposal of appeals and take no coercive action as per SEBI undertaking accepted · Both Misc. Applications disposed of as not pressed with no order as to costs
  Appeal: Misc. Application No. 251 of 2015 in Appeal No. 96 of 2015 and Misc. Application No. 307 of 2015 in Appeal No. 429 of 2015 disposed of on 02.08.2016; main Appeals pending
• SAT matter SATV-EA22E65377F7EE0E5A9D25A0
  Vacate order of attachment as stipulated in para 9 of SAT order dated 24.11.2017 · Modify SAT order dated 24.11.2017 suo moto accordingly
• SAT matter SATV-6BB82A32FB1BE448D209DE94
  Recovery Officer to maintain status quo till disposal of appeals and take no coercive action · Misc Applications No. 251 of 2015 and 307 of 2015 disposed of with no order as to costs
  Appeal: Misc Application No. 251 of 2015 in Appeal No. 96 of 2015 and Misc Application No. 307 of 2015 in Appeal No. 429 of 2015 disposed on 02.08.2016; main appeals pending
• Alleged failure to make public announcement / open offer as directed by WTM order dated 18.08.2010 under SAST Regulations.
  Review Application Nos. 6 and 7 of 2015 dismissed, SAT order dated 04.09.2015 upheld · Misc. Application Nos. 320 and 321 of 2015 allowed, 13 days delay condoned
• SAT matter SATV-8E1FF7E98EF0A9E83968F460
  Registry to adjust court fees paid in Appeal No. 159 of 2015 against fees payable in Appeal No. 429 of 2015 · Misc. Application No. 302 of 2015 disposed of with no order as to costs
  Appeal: Appeal No. 429 of 2015 pending, adjourned to August 30, 2016; earlier Appeal No. 159 of 2015 withdrawn with liberty to file present appeal