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Sebi vs Ondel Nalco India Limited on 9 April, 2003 cites

B.P. Plc. (Formerly B.P. Amoco) & Foseco ... vs Securities & Exchange Board Of India on 7 September, 2001

In this regard, the Hon'ble Mumbai High Court in B.P. Plc case has held that " ........This is all the more abundantly clear from Regulation 14(3) mentions about the necessity of public announcement when "any such change or changes are decided to be made as would result in the acquisition of control over the Target company by the Acquirer". That is to say, when any such change is decided to be made, the same would result in acquisition or control, then public announcement will have to be made. Therefore, once a decision is taken, which would result in acquisition or control, then public announcement must precede such acquisition or control. That is the decision to later on result in acquisition or taking control."
Securities Appellate Tribunal Cites 21 - Cited by 10 - Full Document

Reserve Bank Of India vs Peerless General Finance & Investment ... on 22 January, 1987

In this regard it will be pertinent to advert to the judgment of Hon'ble Supreme Court in Reserve Bank of India vs. Peerless General Finance and Investment Co. (1987) 1 SCC 424 wherein it has , interalia , been observed that "Interpretation must depend on the text and the context. They are the bases of interpretation. One may well say if the text is the texture, context is what gives colour. Neither can be ignored. Both are important. That interpretation is best which makes the textual interpretation match the contextual. A statute is best interpreted when we know why it was enacted."
Supreme Court of India Cites 31 - Cited by 517 - O C Reddy - Full Document
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