Vishvapradhan Commercial Pvt. Ltd.
Penalties and directions recorded
- Matters listed on 6 May 2021
- Parties to obtain instructions from the Registrar 48 hours before the listed date regarding video conference or physical hearing
- Eight appeals arising from four SEBI orders were heard and decided together; the supplied text does not include the final operative disposition.
- Eight appeals arising from four SEBI orders were heard and decided together; the supplied text does not include the final SAT operative disposition.
- Impugned WTM order directed noticee acquirers to make a public announcement for an open offer under the SAST Regulations.
SAT-appeal
- SAT matter SATV-0651340AD53C1211E67BFAB5Further hearing in Appeal No. 80 of 2021 listed for 20 April 2022 · All concerned parties directed to act on the digitally signed copy of the orderAppeal: Appeal Nos. 293 of 2018, 294-296 of 2019 and 77-80 of 2021 were heard; Appeal No. 80 of 2021 remained part-heard and was listed for further hearing on 20 April 2022.
- SAT matter SATV-18530D03D5F84FB2D08DA6B5Rejoinder affidavits to be filed within three weeks from 6 April 2021 · Matters listed on 6 May 2021Appeal: Connected Appeals Nos. 293 of 2018, 294 of 2019, 295 of 2019, 296 of 2019, 77 of 2021, 78 of 2021, 79 of 2021 and 80 of 2021 were pending; the matter was adjourned to 6 May 2021.
- VCPL allegedly acquired veto rights and control over RRPR and indirectly over NDTV's 26% shareholding, triggering an obligation to make a public offer. PR, RR and RRPR were also penalized under Section 15HA for alleged violations connected with the arrangements.Eight appeals arising from four SEBI orders were heard and decided together; the supplied text does not include the final operative disposition. · Impugned WTM order directed VCPL to make a public announcement for an open offer under the SAST Regulations.Appeal: Appeal Nos. 293 of 2018, 294-296 of 2019 and 77-80 of 2021 were heard together by SAT; decision dated 20 July 2022. Final disposition is not included in the supplied text.
- VCPL allegedly acquired veto and protective rights amounting to control over RRPR and indirect control over NDTV's 26% shareholding, without making the required open offer.Eight appeals arising from four SEBI orders were heard and decided together; the supplied text does not include the final SAT operative disposition. · Impugned WTM order directed noticee acquirers to make a public announcement for an open offer under the SAST Regulations.Appeal: Appeal Nos. 293 of 2018, 294-296 of 2019, 77-80 of 2021; decision dated 20 July 2022. The supplied extract does not state the final disposal terms.
- SAT matter SATV-30F44FAFBA7383184610C650Further hearing of Appeal No. 80 of 2021 listed for 20 April 2022 · Parties directed to act on the digitally signed copy of the orderAppeal: Appeal Nos. 293 of 2018, 294-296 of 2019 and 77-80 of 2021 were being heard; Appeal No. 80 of 2021 was part-heard and listed for further hearing on 20 April 2022.
- SAT matter SATV-511153E2CEC1A58488EBCDB2Further hearing posted to 20 April 2022 after part-heard arguments · Parties to act on digitally signed copy; certified copy from Registry on paymentAppeal: Appeal Nos. 293 of 2018, 294-296 of 2019, 77-80 of 2021 pending before SAT; part-heard on 19.04.2022 and posted to 20.04.2022
- SAT matter SATV-7EB4106DABF25F9D3F356CCDPart-heard; put up on April 20, 2022 for further hearing · Parties to act on digitally signed copy; certified copy available from Registry on paymentAppeal: Appeal Nos. 293 of 2018, 294, 295, 296 of 2019 and 77, 78, 79, 80 of 2021 pending/part-heard before SAT; next hearing 20.04.2022
- SAT matter SATV-96836887F6498685C4E47D92Rejoinder affidavits where not filed to be filed within three weeks · List all connected appeals on May 6, 2021
- SAT matter SATV-AAC3515C674DA9AE4D225365Heard counsel in Appeals 293/2018, 294-296/2019, 77-79/2021; argument in 80/2021 begun · Put up on April 20, 2022 for further hearingAppeal: Appeal Nos. 293 of 2018, 294-296 of 2019, 77-80 of 2021 pending; adjourned to 20.04.2022 for further hearing
- VCPL allegedly acquired veto rights and control over RRPR and indirect control over 26% NDTV holding via 21 July 2009 loan and call options without making open offer.VCPL to make public announcement to acquire NDTV shares under SAST 1997 with 10% p.a. interest · PR, RR, RRPR restrained from securities market for 2 years; PR, RR barred as director/KMP in NDTV for 2 years and other listed co for 1 year
- SAT matter SATV-D4FFE459685E9D0B27B8F540List all appeals on August 5, 2021 · Interim relief, if any, extended till next date of listingAppeal: Appeal Nos. 293 of 2018, 294-296 of 2019, 77-80 of 2021 pending before SAT; order dated 28.06.2021 adjourns to 05.08.2021 with interim relief extended
- SAT matter SATV-E089DFC10419532A1905D3CFRejoinder affidavits to be filed within three weeks from 06.04.2021 where not filed · List connected appeals on May 6, 2021Appeal: Appeal Nos. 293 of 2018, 294-296 of 2019, 77-80 of 2021 with Misc. Applications 415-417/2019, 113/2020, 106-108/2021, 123/2021 pending; adjourned to 06.05.2021
- SAT matter SATV-EA6C489FA4A1C3BBB6F91060Rejoinder affidavits in connected appeals to be filed within three weeks from 06.04.2021 · List matters on May 6, 2021Appeal: Appeal Nos. 293/2018, 294/2019, 295/2019, 296/2019, 77/2021, 78/2021, 79/2021, 80/2021 pending; adjourned to 06.05.2021 for filing rejoinders
- VCPL allegedly acquired control over RRPR and indirect control over NDTV via veto rights and call options under 21 July 2009 loan agreement and failed to make open offer.VCPL to make public announcement to acquire NDTV shares under SAST 1997 · VCPL to pay offer price with 10% p.a. interest from date liability incurredAppeal: Eight SAT appeals 293/2018, 294-296/2019, 77-80/2021 heard together; reserved 29.04.2022, decided 20.07.2022
- SAT matter SATV-EE8E3D58F5CCCBC2803B8F6CRejoinder affidavits to be filed where not filed · List matters on May 6, 2021Appeal: Appeal Nos. 293/2018, 294/2019, 295/2019, 296/2019, 77/2021, 78/2021, 79/2021, 80/2021 pending before SAT; adjourned to 06.05.2021 for filing rejoinders
- SAT matter SATV-5B7729B819871ABF9072779DConnected appeals to be listed on 6 May 2021 · Rejoinder affidavits to be filed within three weeks from 6 April 2021Appeal: Appeal Nos. 293 of 2018, 294 and 295 of 2019, and 77 to 80 of 2021 were listed; matter adjourned to 6 May 2021
- SAT matter SATV-7D7219960EDC27CB66305865Appeals Nos. 293 of 2018, 294-296 of 2019 and 77-79 of 2021 were heard; further proceedings in Appeal No. 80 of 2021 were adjourned. · Matter listed on 20 April 2022 for further hearing.Appeal: Appeals Nos. 293 of 2018, 294-296 of 2019 and 77-80 of 2021 were pending; order dated 19 April 2022 recorded hearing progress and adjournment.
- VCPL allegedly acquired control over RRPR and indirect control over 26% NDTV holding via 21 July 2009 loan and call options without making public announcement of open offer.VCPL to make public announcement to acquire NDTV shares per SAST 1997 with 10% p.a. interest · PR, RR, RRPR restrained from securities market for 2 years vide WTM order 14 June 2019Appeal: Appeal No.293 of 2018, 294-296 of 2019, 77-80 of 2021 with Misc.Applications 189/2021, 113/2021, 123/2021 decided together on 20.07.2022; no further appeal mentioned
- SAT matter SATV-799A280ABAE42B21226156BFHeard counsel in Appeals 293/2018, 294-296/2019 and 77-79/2021; arguments in Appeal 80/2021 begun · Matter put up on April 20, 2022 for further hearingAppeal: Appeal Nos. 293/2018, 294-296/2019, 77-80/2021 pending before SAT; part-heard on 19.04.2022, adjourned to 20.04.2022 with no disposal
- VCPL allegedly acquired control over RRPR and indirect control over 26% of NDTV via July 21, 2009 loan and call option agreements without making open offer.VCPL to make public announcement to acquire NDTV shares under SAST 1997 within 45 days with 10% p.a. interest · PR, RR, RRPR restrained from securities market for 2 years per WTM order 14 June 2019Appeal: Appeal No.293 of 2018 with 294-296 of 2019 and 77-80 of 2021, reserved 29.04.2022, decided 20.07.2022 by SAT
- VCPL allegedly acquired control over RRPR and indirect control over 26% NDTV holding via loan, veto rights and call options without making open offer under SAST.VCPL to make public announcement to acquire NDTV shares under SAST 1997 within 45 days with 10% p.a. interest · PR, RR, RRPR restrained from securities market for 2 years per WTM order 14 June 2019
- SAT matter SATV-D13414D59B85C38A4792E3A1File pending rejoinder affidavits in connected appeals · List all connected appeals on May 6, 2021Appeal: Appeal Nos. 293/2018, 294/2019, 295/2019, 296/2019, 77/2021, 78/2021, 79/2021, 80/2021 pending; adjourned to 06.05.2021 for rejoinders
- SAT matter SATV-C77D894192E9F527BB28F49FHeard counsels in Appeals 293/2018, 294-296/2019, 77-79/2021; argument in 80/2021 begun · Matter listed for further hearing on April 20, 2022Appeal: Appeal Nos. 293 of 2018, 294-296 of 2019, 77-80 of 2021 pending before SAT; adjourned to 20.04.2022, order dated 19.04.2022
- VCPL allegedly acquired control over RRPR and indirect control over 26% NDTV shareholding via July 21, 2009 loan, convertible warrants, veto rights and call options without making open offer.VCPL to make public announcement to acquire shares per SAST Regulations, 1997 within 45 days of WTM order dated June 26, 2018 · VCPL to pay interest at 10% per annum on offer price from date liability to make public announcement aroseAppeal: Appeal No. 293 of 2018, 294-296 of 2019, 77-80 of 2021 with Misc. Applications 189/2021, 113/2021, 123/2021 decided together; reserved 29.04.2022, decided 20.07.2022
Other
- SAT matter SATV-9A78D0DFFA551AF8664A4311Rejoinder affidavits to be filed where not yet filed in connected appeals · List all connected appeals on May 6, 2021
Source: SecMarx — Vishvapradhan Commercial Pvt. 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.