V.A. Norhi

3 matters before the Securities Appellate Tribunal

Penalties and directions recorded

SEBI to pay costs of Rs.10,000 to advocate for appellant in Appeal No.70 of 2014 within two weeks
Per Presiding Officer: impugned AO orders both dated 20.01.2014 quashed and set aside
SEBI to issue fresh SCNs at appeal addresses and pass fresh orders after hearing
Per Member Lamba: appeal dismissed and Rs 5 lakh penalty upheld for Reg 14(1) violation
Per Presiding Officer: impugned AO orders both dated 20.01.2014 quashed and set aside

SAT-appeal

SAT matter SATV-29C9391BE867150CEB17211C
SEBI to issue show cause notices to appellants within two weeks from 28.06.2017 · Appellants to file reply within 4 weeks from receipt of SCN; SEBI may pass ex-parte order if no reply
Appeal: Misc. Application No.141 of 2017 in Appeal No.68 of 2014 and Misc. Application No.142 of 2017 in Appeal No.70 of 2014 disposed by SAT order dated 28.06.2017; prior SAT order dated 05.09.2014 had remanded for fresh SCN and order
Delayed public announcement of open offer by 32 days beyond 4 working days after 02.04.2010 SPA to acquire 13.89% of VAL, violating Reg 14(1) SAST 1997
Per Presiding Officer: impugned AO orders both dated 20.01.2014 quashed and set aside · SEBI to issue fresh SCNs at appeal addresses and pass fresh orders after hearing
Appeal: Appeal Nos. 68 and 70 of 2014 decided on 20.06.2014 with divergent views: remand by Presiding Officer vs dismissal by Member
Failure to make public announcement of open offer within 4 working days of SPA to acquire 13.89% of Vybra Automet Ltd, with delay of 32 days, violating Reg 14(1) SAST 1997.
Per Presiding Officer: impugned AO orders both dated 20.01.2014 quashed and set aside · Per Presiding Officer: SEBI to issue fresh SCNs at appeal addresses and pass fresh orders after hearing
Appeal: Appeal Nos. 68 of 2014 and 70 of 2014 disposed on 20.06.2014 with no order as to costs

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Source: SecMarx — V.A. Norhi. 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.