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1998 (7) TMI 701 - SECURITIES AND EXCHANGE BOARD
Extract:
.......relevant time and that the shares acquired were not listed on any exchange and further that the purchase was not from the open market, I hold the appellants not guilty of contravening the provisions of regulation 10 read with section 15H of the Act. Accordingly, the appeal is allowed and the adjudication order dated September 26, 1997 is set aside.