https://www.taxtmi.com/caselaws?id=303281 The Appellate Tribunal reduced the penalty imposed on the appellant for violating Regulation 10 of the Securities and Exchange Board of India takeover code. Despite the breach, as there was no change in control or management of the target company and no prejudice to shareholders' interests, the penalty was reduced from 72,14,000 to 5 lacs to serve the interests of justice. The appeal was disposed of without costs. en-us Tue, 14 Sep 2010 00:00:00 +0530 Tue, 12 Jul 2022 15:46:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303281 The Appellate Tribunal reduced the penalty imposed on the appellant for violating Regulation 10 of the Securities and Exchange Board of India takeover code. Despite the breach, as there was no change in control or management of the target company and no prejudice to shareholders' interests, the penalty was reduced from 72,14,000 to 5 lacs to serve the interests of justice. The appeal was disposed of without costs. Case-Laws SEBI Tue, 14 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303281