Supreme Court · 2021 INSC 353 · Decided 23 July 2021
Prakash Gupta v. Securities and Exchange Board of India
- Court
- Supreme Court of India
- Citation
- 2021 INSC 353 · [2021] 4 S.C.R. 862
- Case number
- CRIMINAL APPEAL No. 569/2021
- Decided
- 23 July 2021
- Bench
- D.Y. CHANDRACHUD, M.R. SHAH (2-judge bench)
- Outcome
- Disposed off
- Case type
- Criminal
- Acts & sections cited
- IPC; CrPC Section 320, 482
Headnote
Securities and Exchange Board of India Act, 1992: ss. 24 and 24A - Compounding of offence under - On facts, allegations against appellant-director of a company of price rigging and insider trading in the scrip of the Company appellant u/s. 24(1) - Appellant sought the compounding of the offence u/s. 24A - Rejection of, by the trial judge upholding the objection of the Securities and Exchange Board of India (SEBI) that the offence could not be compounded without its consent - Upheld by the High Court
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