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    <description>Challenge to ex parte adjudication focused on whether show-cause notices were validly served and whether the penalty for delayed public announcement under the takeover regulations should stand. One view treated improper service as fatal, set aside the adjudication, and remitted the matter for fresh notices and hearing. Another view held that service by speed post was a recognised mode, proof of delivery existed, and the admitted delay in the public announcement justified affirming the penalty. The order reflects divergent reasoning on both service and compliance, and no clear majority outcome emerges.</description>
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      <description>Challenge to ex parte adjudication focused on whether show-cause notices were validly served and whether the penalty for delayed public announcement under the takeover regulations should stand. One view treated improper service as fatal, set aside the adjudication, and remitted the matter for fresh notices and hearing. Another view held that service by speed post was a recognised mode, proof of delivery existed, and the admitted delay in the public announcement justified affirming the penalty. The order reflects divergent reasoning on both service and compliance, and no clear majority outcome emerges.</description>
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