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SAT upholds penalty on NDTV for failure to comply clause 36 of Listing Agreement

August 8, 2019[2019] 108 141 (SAT)

COMPANY LAW: Where appellant disclosed information relating to demand raised by IT department to NSE belatedly i.e., after 3 months of final assessment order and that too when clarification was sought by Stock Exchange, there was gross failure on part of appellant in not making disclosure under clause 36 of Listing Agreement and, therefore, penalty was rightly imposed on appellant for violation of sections 23E and 23A of SCRA

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