https://www.taxtmi.com/caselaws?id=106316 The statutory takeover framework imposed an obligation to make a public announcement on substantial acquisition of shares, and the challenge was confined to the direction enforcing that requirement. The appellants did not effectively dispute the existence of the obligation, and the High Court found no error or perversity in the Securities Appellate Tribunal's order sustaining SEBI's direction. The enforcement direction was therefore upheld, and the appeal failed. en-us Thu, 02 May 2002 00:00:00 +0530 Tue, 13 Mar 2012 16:29:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106316 The statutory takeover framework imposed an obligation to make a public announcement on substantial acquisition of shares, and the challenge was confined to the direction enforcing that requirement. The appellants did not effectively dispute the existence of the obligation, and the High Court found no error or perversity in the Securities Appellate Tribunal's order sustaining SEBI's direction. The enforcement direction was therefore upheld, and the appeal failed. Case-Laws Companies Law Thu, 02 May 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106316