The said shareholder had opposed the decision, citing suspension of the company’s stock from trading before the case was admitted in NCLT which had caused him a financial loss. “But the irony is that the court has already heard the shareholder in July and even in that case no order has been passed. So, we are moving in circles,” said a second person cited above.
Sebi bars Vijay Mallya from accessing securities market for 3 years
According to the order, Mallya is prohibited from buying, selling, or dealing in securities directly or indirectly, and from being associated with the securities market