https://www.taxtmi.com/caselaws?id=247858 The appeal was allowed, and the order passed by the Securities Appellate Tribunal (SAT) was set aside. The court restored the directions issued by the Securities and Exchange Board of India (SEBI) in the letter dated 30th November 2012, emphasizing that the voluntary open offer could not be withdrawn merely on the grounds of economic unviability and that SEBI's delay in issuing comments did not justify the withdrawal of the offer. en-us Fri, 25 Apr 2014 00:00:00 +0530 Wed, 20 Sep 2017 15:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247858 The appeal was allowed, and the order passed by the Securities Appellate Tribunal (SAT) was set aside. The court restored the directions issued by the Securities and Exchange Board of India (SEBI) in the letter dated 30th November 2012, emphasizing that the voluntary open offer could not be withdrawn merely on the grounds of economic unviability and that SEBI's delay in issuing comments did not justify the withdrawal of the offer. Case-Laws Companies Law Fri, 25 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247858