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TMI Blog2020 (12) TMI 1383X X X X Extracts X X X X X X X X Extracts X X X X ..... nt no. 1 shall disgorge an amount of Rs 447.27 Crs alongwith interest @12% p.a. w.e.f. 29.11.2017 onwards till the date of payment - HELD THAT:- Securities Appellate Tribunal has recoded a split verdict, with a dissent by its Chairperson. Having regard to the issues raised, we admit the appeal against the order of the Securities Appellate Tribunal dated 5 November 2020. Insofar as the interim r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... UD, HON'BLE MS. JUSTICE INDU MALHOTRA AND HON'BLE MS. JUSTICE INDIRA BANERJEE For the Appellant : Mr. Harish N Salve, Sr. Adv., Mr. K.R. Sasiprabhu, AOR, Mr. Atul Dayal, Adv., Mr. Ashwath Rau, Adv., Mr. Raghav Shankar, Adv., Mr. Amey Nabar, Adv., Mr. Vishnu Sharma, Adv., Mr. Sadyant Sasiprabhu, Adv., Ms. Arshiya Sharda, Adv. For the Respondent : Mr. K K Venugopal, Attorney Genera ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... imposed by the Whole Time Member of SEBI. The appellants have been directed to make payment of the disgorged amount of Rs 447.27 crores along with simple interest at the rate of 12% per annum with effect from 29 November 2007 till payment. 4 As and by way of interim relief, we order and direct that the appellants shall, within a period of four weeks from today, deposit an amount of Rs 250 crore ..... X X X X Extracts X X X X X X X X Extracts X X X X
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