Inordinate delay in filing appeal against AA’s order for SAST violations without sufficient cause to be rejected: SAT

COMPANY LAW/SEBI : Where Adjudicating Authority passed order imposing penalty upon appellants for violating regulation 11(2) of takeover code and appeal against said order had been filed after delay of 577 days along with application seeking condonation of delay, and no sufficient cause for delay had been given in application, said application seeking condonation was to be rejectedCOMPANY LAW/SEBI : Where Adjudicating Authority passed order imposing penalty upon appellants for violating regulation 11(2) of takeover code and appeal against said order had been filed after delay of 577 days along with application seeking condonation of delay, and no sufficient cause for delay had been given in application, said application seeking condonation was to be rejectedwww.taxmann.com Latest Case LawsRead More

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