https://www.taxtmi.com/caselaws?id=334279 The court dismissed the appeal, ruling that SEBI's delay did not justify withdrawal of the public offer, the target company's actions, approved by shareholders, did not make the offer impossible, the appellants' withdrawal request did not meet Regulation 27 criteria, and the appellants lacked due diligence. The judgment highlights the significance of adhering to regulatory timelines and the strict conditions for withdrawing public offers. en-us Mon, 07 Nov 2016 00:00:00 +0530 Wed, 09 Nov 2016 11:40:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334279 The court dismissed the appeal, ruling that SEBI's delay did not justify withdrawal of the public offer, the target company's actions, approved by shareholders, did not make the offer impossible, the appellants' withdrawal request did not meet Regulation 27 criteria, and the appellants lacked due diligence. The judgment highlights the significance of adhering to regulatory timelines and the strict conditions for withdrawing public offers. Case-Laws Companies Law Mon, 07 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334279