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Adani Group vs NDTV: VCPL hits back, says RRPR not party to restrictions under SEBI order

As per the November 27 2020 SEBI order, the Roys have been restrained from "accessing the securities market, and prohibited from buying, selling or otherwise dealing in securities, directly or indirectly, or being associated with securities market in any manner whatsoever; for a period of 2 years, which expires on November 26, 2022.”   ....

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Roy's dig in, stage set for legal battle for Gautam Adani's bid for NDTV

While an expert says that SEBI directives override any shareholder agreements, sources aware of the deal say that “NDTV promoters have already given away the rights in 2009 itself, much before the SEBI restrictions came into effect. AMG Media is not asking for transfer of NDTV shares – they are asking for delivery of RRPR Holding shares. Their argument is irrelevant. It is like hiding behind a fig-leaf.”    ....

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