Rulings
SC: SC rejects conditional release of Subrata Roy, permits sale of offshore hotel properties
SEBI: Slams penalty for trading on ‘false corporate announcements’, amounting to fradulent trade practice
SAT: Interprets Listing Agreement, 30 days time-gap applies to ‘two book closures’
SEBI: Bars entities for GDR market manipulation; ‘Investor protection’ supreme, rejects ‘jurisdiction’ defence
SEBI: Restrains DLF & Top-management from accessing securities markets; Observes grave IPO disclosure lapses
SEBI: Orders system review of NSE, censures for non-timely response during circuit trigger
SAT: Dismisses SICOM appeal; Banks not exempted from Takeover Regulations on pledge invocation
SAT: Strikes down SEBI disclosure requirement on shares “otherwise encumbered” by promoter group
SAT: Quashes SEBI order based on ‘speculative' inferences; 'Discretion' begets monumental 'responsibility'
SAT: Dismisses appeal, clarifies effective date of Takeover Code trigger
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