Triumph International Finance India Ltd.
Penalties and directions recorded
- AO had imposed maximum penalty of Rs. 5 lakhs for Regulation 7 violation; SAT reasoning finds bald concert allegation insufficient
- BSE must provide a personal hearing and pass a final order in accordance with law if appellants comply.
SAT-appeal
- SAT matter SATV-001350619DB37F45557A8554Appeal No. 5 of 2008 dismissed as infructuous.Appeal: Appeal No. 5 of 2008 dismissed as infructuous on 4 September 2008.
- Alleged acting in concert with five Ketan Parekh entities to acquire >5% shares/voting rights of Adani Exports Ltd. without disclosing aggregate holding under Regulation 7 of Takeover Code.AO had imposed maximum penalty of Rs. 5 lakhs for Regulation 7 violation; SAT reasoning finds bald concert allegation insufficient
- SAT matter SATV-530CBA35379D70A51C7BB6EBAppeal disposed of on terms that appellants comply with all payments due to BSE and other pending compliances. · BSE must provide a personal hearing and pass a final order in accordance with law if appellants comply.Appeal: Appeal No. 404 of 2018 disposed of on 2 November 2018; Misc. Application No. 357 of 2018 for condonation of 88 days' delay allowed.
Source: SecMarx — Triumph International Finance India Ltd.. 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.