Supreme Court · 2013 INSC 332 · Decided 9 May 2013
Nirma Industries LTD. & ANR. v. Securities & Exchange Board of India
- Court
- Supreme Court of India
- Citation
- 2013 INSC 332 · [2013] 3 S.C.R. 662
- Case number
- CIVIL APPEAL No. 6082/2008
- Decided
- 9 May 2013
- Bench
- S.S. NIJJAR, ANIL R. DAVE (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
Headnote
3 S.C.R. 662 NIRMA INDUSTRIES LTD. & ANR. v. SECURITIES & EXCHANGE BOARD OF INDIA (Civil Appeal No. 6082 of 2008) MAY 9, 2013 [SURINDER SINGH NIJJAR AND ANIL R. DAVE, JJ.) SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997: Regulation 27 read with cannot always D be equated to a situation, where no opportunity is given to a party to submit an explanation at all - The entire material on which the appellants were relying was placed before SEBI and on its consideration the offer of the appellants was rejected - Therefore, it cannot be
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