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SEBI has jurisdiction on right issue offer made by unlisted company through letter of offer
Case Law Details
- Case Name
- Securities and Exchange Board of India Vs Kunnamkulam Paper Mills Ltd. (Kerala High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Kerala High Court
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HIGH COURT OF KERALA
Securities and Exchange Board of India
versus
Kunnamkulam Paper Mills Ltd.
Manjula Chellur, CJ.
AND A.M. Shaffique, J.
W.A. NO. 2203 OF 2009
W.P.C. NO. 19192 OF 2003
DECEMBER 20, 2012
JUDGMENT
Shaffique, J.
This appeal is filed by the Security Exchange Board of India (SEBI), the first respondent in the writ petition challenging the judgment of the learned Single Judge quashing Ext.P8 order passed by SEBI.
2. SEBI initiated proceedings against the petitioners when the 1st petitioner company made allotment of 173995 equity shares of Rs.10/- each to 163 persons on 28.3.2001...
