The Securities and Exchange Board of India (Sebi) on Wednesday extended its earlier statement in the Bombay High Court that it will not take any action against Essel Group chairman Subhash Chandra for three weeks, in connection with the summons it had issued.
The SAT has concluded that the information said to have been possessed by the Roys when the traded in the NDTV shares was not price sensitive, contrary to the SEBI findings on this aspect.
India Business News: The Securities Appellate Tribunal (SAT) set aside an April 2021 order passed by Securities And Exchange Board of India (SEBI) that had levied a Rs 25
Penalties on Prannoy Roy, Radhika Roy for concealing price sensitive information from NDTV shareholders excessive: SAT barandbench.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from barandbench.com Daily Mail and Mail on Sunday newspapers.
Priyanka Desai and Jaideep Singh Khattar, formerly principal associates at Khaitan & Co, have established a boutique firm called The Fort Circle in Mumbai.
The firm specialises in dispute resolution, arbitration, white collar crime, real estate litigation, private client practice and corporate advisory.
Desai has also previously worked with K Ashar & Co, while Khattar’s earlier firms include Legasis Partners and Desai & Diwanji.
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