Supreme Court of India
G.L. Sultania and Anr. v. The Securities and Exchange Board of India and Ors.
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
2 Supreme Court benches have cited this judgment.
What the Court ordered
We are of the considered view that the submission urged by the appellants is not tenable.
Judgment, page 21
From the headnote
Securities and Exchange Board of India Act, 1992-Section 157- Securities and Exchange Board of India (Sz;bstantial Acquisition of Shares and Takeovers) Regulations, 1997-Regulation 20(5)-Public offer made by acquirer to purchase shares of minority shareholders at a price under the Regulations-Objections by shareholders before Board contending that the offer price was not fixed in accordance with the parameters laid down in the Regulations-Board appointing an independent valuer and approving draft offer letter by adopting valuation done by the independent valuer-Appeals by shareholders before
Authorities it was built on
Where later benches applied it
- 2023 Sap Labs India Private Limited v. Income Tax Officer, Circle 6, Bangalore
- 2021 Prakash Gupta v. Securities and Exchange Board of India
Of those, 2 referred to
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