[NDTV Promoters v. SEBI] Recovery of money from Prannoy Roy, Radhika Roy should not be a pre-condition for SAT to hear appeal: Supreme Court
Prannoy Roy, Radhika Roy, NDTV, Supreme Court

[NDTV Promoters v. SEBI] Recovery of money from Prannoy Roy, Radhika Roy should not be a pre-condition for SAT to hear appeal: Supreme Court

The order was passed after Roys agreed to furnish their shares in NDTV as security.

The Supreme Court on Monday ordered that coercive recovery of money from promoters of New Delhi Television (NDTV), Prannoy Roy and Radhika Roy shall not be a pre-condition to hear the appeal filed by Roys in Securities Appellate Tribunal (SAT) in the case concerning failure to disclose price sensitive information to shareholders.

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