https://www.taxtmi.com/caselaws?id=261021 The Tribunal dismissed the appeal, ruling that interest on shares sold in an offer is only payable if consideration is not received within 15 days of offer closure. The trigger date for Regulation 10 was determined as the date when the acquirer gained 15% or more voting rights, affecting the appellant's entitlement to interest. Regulations 22(12) and 44(i) did not apply to the appellant due to specific conditions. The Tribunal emphasized the binding nature of the Apex Court's decisions, leading to the dismissal of the appeal without costs. en-us Tue, 14 Oct 2014 00:00:00 +0530 Fri, 26 Jun 2015 18:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261021 The Tribunal dismissed the appeal, ruling that interest on shares sold in an offer is only payable if consideration is not received within 15 days of offer closure. The trigger date for Regulation 10 was determined as the date when the acquirer gained 15% or more voting rights, affecting the appellant's entitlement to interest. Regulations 22(12) and 44(i) did not apply to the appellant due to specific conditions. The Tribunal emphasized the binding nature of the Apex Court's decisions, leading to the dismissal of the appeal without costs. Case-Laws Companies Law Tue, 14 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261021