Supreme Court of India

Kosha Investments Ltd. v. Securities & Exchange Board of India & Anr.

Neutral citation
Reported as [2015] 9 S.C.R. 412
Bench Vikramajit Sen and Shiva Kirti Singh JJ.
Decided 18 September 2015

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.

From the headnote

Securities & Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 199 7 - Reg 11 (1) and 14(1) - Requirement of making public announcement - Appellant consistently bought and sold shares of target company-SIL prior to June 1999 and also after August 1999 and became one of its promoters and did not make required public announcement - Show cause notice to appellant- SEBI held that the appellant was already holding between 15% to 75% shares of SIL and it could acquire additional shares of this company without public announcement only upto 5% of its paid up capital

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