TMI Blog2022 (5) TMI 659X X X X Extracts X X X X X X X X Extracts X X X X ..... in which, the related parties also voted - violation of Regulation 23 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 - HELD THAT:- The Securities Appellate Tribunal has not approved this order passed by the Adjudicating Officer and has allowed the appeal filed by the present respondents while, inter alia, holding that the bar of vo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... APPEAL NO. 2957 OF 2022 - - - Dated:- 25-4-2022 - HON'BLE MR. JUSTICE DINESH MAHESHWARI AND HON'BLE MR. JUSTICE ANIRUDDHA BOSE For Appellant(s) Mr. S. Niranjan Reddy, Sr. Adv. Mr. Abhishek Baid, Adv. Mr. Anup Jain, Adv. Mr. Ashok Kr. Jain, Adv. Mr. Praneet Das, Adv. M/S Expletus Legal, AOR For Respondent(s) Mr. Pesimodi, Sr. Adv. Mr. Lakshmeesh S. Kamath, AOR Mr. Joby Mathew, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tra-Ordinary General Meeting was convened on 16.12.2016 for rescinding the resolution dated 15.07.2014 in which, the related parties also voted. However, the appellant-SEBI took up the matter on a complaint and issued notice alleging violation of Regulation 23 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Adjudicating Offi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... set of facts and circumstances of the present case, appears to be a plausible view of the matter. In fact, nothing of ill-intent on the part of the respondents has been established in the present case. The hyper-technical stance of the appellant could have only been, and has rightly been, disapproved on the given set of facts and circumstances. The appeal fails and is, therefore, dismissed. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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