Securities
and Exchange Board of India (Substantial Acquisition
of Shares and Takeovers) Regulations, 2011 (SAST
Regulations), a person is deemed to acting in concert
with ... public announcement was made under ‘SEBI
(Substantial Acquisition of Shares and Takeover)
Regulations, 1997’ for the acquisition of shares of
‘Petron Engineering’ inter alia
Securities
and Exchange Board of India (Substantial Acquisition
of Shares and Takeovers) Regulations, 2011 (SAST
Regulations), a person is deemed to acting in concert
with ... public announcement was made under ‘SEBI
(Substantial Acquisition of Shares and Takeover)
Regulations, 1997’ for the acquisition of shares of
‘Petron Engineering’ inter alia
interesting question
regarding the interpretation of Regulation 10 of the SEBI
Takeover Regulations of 2011.
The factual backdrop in which the present controversy
arises ... under
Regulation 15(1) of the SEBI Substantial Acquisition of
Shares and Takeover Regulations, 2011 when an open offer
was made for acquisition
interesting question
regarding the interpretation of Regulation 10 of the SEBI
Takeover Regulations of 2011.
The factual backdrop in which the present controversy
arises ... under
Regulation 15(1) of the SEBI Substantial Acquisition of
Shares and Takeover Regulations, 2011 when an open offer
was made for acquisition
judgment, appears to take the view that while the
provision for the takeover in the principal Act might
amount to a power to acquire, however
cannot stand together with the moratorium imposed
under the Central Act and takeover of the management by the
interim resolution professional. According to him, therefore
reads as follows:
“15. Manner and effect of takeover of
management.—(1) 6[When the management of
business of a borrower is taken over
Pioneer Urban Land And Infrastructure ... vs Union Of India on 9 August, 2019
Equivalent citations
P. Mohanraj vs M/S. Shah Brothers Ispat Pvt. Ltd. on 1 March, 2021
Equivalent
notice
u/s 12(2) shall be issued. The LAC will takeover the possession of the land
and handover the same to the DDA/intending
