Supreme Court · 2022 INSC 979 · Decided 19 September 2022
Securities and Exchange Board of India v. Abhijit Rajan
- Court
- Supreme Court of India
- Citation
- 2022 INSC 979 · [2022] 9 S.C.R. 669
- Case number
- CIVIL APPEAL No. 563/2020
- Decided
- 19 September 2022
- Bench
- INDIRA BANERJEE, V. RAMASUBRAMANIAN (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
Headnote
Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 1992 - Regulation 3(i) r/w Regulation 4 - Securities and Exchange Board of India Act, 1992 - ss. 12A (d), 12A (e),15Z and 30 - Insider trading - Price sensitive information - Board of Directors of GIPL to terminate the contracts in question can be characterized as "price sensitive information" and whether sale by respondent of the equity shares held by him in GIPL, under peculiar and compelling circumstances in which he was placed, fell within the mischief
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