https://www.taxtmi.com/caselaws?id=301221 The Tribunal concluded that the pre-conditions for triggering Regulation 11(1) were not met as the appellant had no prior shareholding in the company and there was no evidence of concerted action in earlier acquisitions. The penalty imposed by SEBI was set aside, and the appeal was allowed with no order as to costs. en-us Thu, 15 Nov 2007 00:00:00 +0530 Mon, 21 Mar 2022 17:05:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301221 The Tribunal concluded that the pre-conditions for triggering Regulation 11(1) were not met as the appellant had no prior shareholding in the company and there was no evidence of concerted action in earlier acquisitions. The penalty imposed by SEBI was set aside, and the appeal was allowed with no order as to costs. Case-Laws SEBI Thu, 15 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301221