Supreme Court · 2017 INSC 616 · Decided 13 July 2017
Laurel Energetics PVT. LTD. v. Securities and Exchange Board of India
- Court
- Supreme Court of India
- Citation
- 2017 INSC 616 · [2017] 5 S.C.R. 1005
- Case number
- CIVIL APPEAL No. 5675/2017
- Decided
- 13 July 2017
- Bench
- R.F. NARIMAN, SANJAY KISHAN KAUL (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
Headnote
1005 LAUREL ENERGETICS PVT. LTD. v. SECURITIES AND EXCHANGE BOARD OF INDIA (Civil Appeal No. 5675 of 2017) JULY 13, 2017 (R; F. NARIMAN AND SANJAY KISHAN KAUL, JJ.( SEBI Substantial Acquisition of Shares and Takeover Regulations, 2011: Regn. 10 - Interpretation of - Acquisition of shares made Company at the price of Rs.3.20 per share - Exemption provisions A B c in Regn. 10, applicability of - SEBI held that tl2e exemption provisions in Regn. l 0 would not apply to 2014 acquisition, as a result of which the price of Rs.3.20 per share was not accepted and D the higher price of
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