Supreme Court of India
Securities and Exchange Board of India v. Sunil Krishna Khaitan and Others
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5 Supreme Court benches have cited this judgment.
What the Court ordered
For the aforesaid reasons and grounds, the Civil Appeals preferred by the Board are dismissed with the clarification as to the power of the Appellate Tribunal under Section 15-T of Chapter VI-A of the Act, which is confined to examination of correctness and legality of the order under challenge.
Judgment, page 66
From the headnote
SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 –Regulation 10 – Interpretation of Regulation 10 of the SEBI Regulations, 1997 – Held: Regulation 10 states that no ‘acquirer’ shall acquire voting rights, which taken together with the shares or voting rights held by him or by a ‘person acting in concert’ would entitle the ‘acquirer’ to exercise 15% or more of the voting rights in the company, unless such ‘acquirer’ makes public announcement to acquire shares in accordance with the regulations –The word ‘acquirer’ used in Regulation 10 takes its meaning from the…
Authorities it was built on
- 2014 Commissioner of Income Tax (central)-1, New Delhi v. Vatika Township Private Limited
- 1982 Sanjeev Coke Manufacturing Company v. Bharat Coking Coal Ltd. and Another
- 1954 Tolaram Relumal and Another v. The State of Bombay
- 2004 Zile Singh v. State of Haryana and Ors.
- 1991 Bangalore Medical Trust v. B.S. Muddappa and Ors.
- 2020 The State of Jharkhand and Ors. v. Brahmputra Metallics Ltd., Ranchi and Anr.
- 2006 Chairman S.E.B.I. v. Shriram Mutual Fund and Anr.
- 2004 Clariant International Ltd. and Anr. v. Securities and Exchange Board of India
- 2007 State of Punjab and Ors. v. Bhatinda District Coop. Milk P. Union Ltd.
- 1977 Official Liquidator v. Dharti Dhan (p) Ltd.
- 1969 State of Gujarat v. Patel Raghav Natha & Ors.
- 1999 Punjab Communications Ltd. v. Union of India and Ors.
- 2003 Bipin Chandra Parshottamdas Patel (vakil) v. State of Gujarat and Ors.
- 2004 Swedish Match Ab and Anr. v. Securities and Exchange Board, India and Anr.
- 2019 Adjudicating Officer, Securities and Exchange Board of India v. Bhavesh Pabari
- 1989 Government of India v. Citedal Fine Pharmaceuticals Madras & Ors. Etc. Etc.
- 2009 S.e.b.i v. Saikala Associates Ltd.
- 2010 Dinesh Chandra Pandey v. High Court of M.P. & Anr.
Where later benches applied it
- 2024 Bharti Cellular Limited (now Bharti Airtel Limited) v. Assistant Commissioner of Income Tax, Circle 57, Kolkata and Another
- 2026 M.R.R. Setty(dead) by Lrs v. Government of Karnataka
- 2026 Prasad Pandurang Tapkir v. The Assistant Director of Town Planning Pune
- 2023 M/s North Eastern Chemicals Industries (p) Ltd. & Anr v. M/s Ashok Paper Mill (assam) Ltd. & Anr.
- 2023 The Madras Aluminium Co. Ltd. v. The Tamil Nadu Electricity Board and Anr.
Of those, 1 referred to · 4 mentioned
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