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The Supreme Court adjourned till February 15, 2021 a case where NDTV promoters Prannoy Roy and Radhika Roy had been asked by stock market regulator SEBI to furnish shares as security as they had failed to disclose price sensitive information to shareholders, according to Bar & Bench website.
The case was to be heard on February 5, 2021 by the Supreme Court.
A bench, headed by Chief Justice of India SA Bobde, is hearing an appeal against an interim order passed by the Securities Appellate Tribunal (SAT) on January 4, 2021, which had ordered NDTV to deposit 50 percent of the fine imposed earlier by the Securities and Exchange Board of India (SEBI).
SEBI had imposed Rs. 27 crore penalties on three NDTV promoters, Prannoy Roy, Radhika Roy and RRPR Holding Limited,for failing to disclose price sensitive information to the shareholders of NDTV, according to an earlier report of Bar & Bench.
