https://www.taxtmi.com/caselaws?id=170084 The court dismissed the petitioner's challenge to SEBI's fixation of the reference date for determining the offer price for share purchase. The court held that shareholders had voluntarily sold their shares at the offered price, and the petitioner, who disagreed with the price, did not transfer their shares. The court emphasized that the petitioner could not represent shareholders who had already accepted the offer, leading to the dismissal of the writ petition as no direction was deemed necessary in this matter. en-us Tue, 14 Jun 2011 00:00:00 +0530 Sat, 16 May 2015 13:12:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170084 The court dismissed the petitioner's challenge to SEBI's fixation of the reference date for determining the offer price for share purchase. The court held that shareholders had voluntarily sold their shares at the offered price, and the petitioner, who disagreed with the price, did not transfer their shares. The court emphasized that the petitioner could not represent shareholders who had already accepted the offer, leading to the dismissal of the writ petition as no direction was deemed necessary in this matter. Case-Laws Companies Law Tue, 14 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170084