Rulings
SAT: Quashes SEBI order debarring Non-executive Director, absent role in fraudulent GDR issue
SEBI: No distinction between voluntary/involuntary shareholding-changes under PIT Regulations; Penalizes Promoters for default
SEBI: Restrains Sterling Biotech's Directors, MD from market, for devising fraudulent GDRs scheme
SAT: Stays SEBI order debarring Franklin Templeton’s former Head from market
HC: Dismisses petition challenging SEBI Circular prescribing modes of charging fee by Investment Advisors
SEBI: Penalises company, its MD, Executive Director for mis-utilizing IPO funds, defrauding investors
SAT: Stays SEBI order restraining Franklin Templeton from launching new debt schemes
SEBI: Exempts Heineken International from open offer obligation in acquiring United Breweries’ shares
SAT: Allows PNB Housing Finance EGM on Carlyle deal, however results declaration on hold
SAT: Invokes "estoppel" principle, quashes SEBI WTM ruling on issues already decided by AO
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