Rulings
HC: NSEL’s money receipt from investors prima-facie ‘deposit’; Non-repayment to invite criminal proceedings
HC: Refuses director’s discharge from co’s liability for CIS-registration; Rejects Form 32 reliance
SEBI: Insider Trading/ Listing Agreement disclosures independent of Takeover Code disclosure, imposes penalty
SEBI: Imposes Rs.7,269 Crores penalty on Pearls Agrotech & top-management for illegal fund mobilization
HC: P-Notes not illegal, adequately regulated by SEBI; Dismisses writ challenging its legality
SC: Share-sale post ‘creeping acquisition’ doesn’t dilute public announcement condition; Upholds SAT order
SEBI: Blaming advisors for grave lapses in offer document, untenable; Management guilty
HC: Shreds NSE’s defamation suit against Moneylife to pieces; Appreciates media’s ‘watchdog’ role
SEBI: Holds Ramalinga Raju’s family as ‘insider’; Directs disgorgement of Rs. 1800 cr unlawful gains
SAT: Upholds SEBI order directing share divestment, terms acquisition post-SEBI clarification as ‘gross violation’
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