Supreme Court · 2020 INSC 647 · Decided 18 November 2020
Securities and Exchange Board of v. Udayant Malhoutra
- Court
- Supreme Court of India
- Citation
- 2020 INSC 647 · [2020] 14 S.C.R. 327
- Case number
- WRIT PETITION (CRIMINAL) No. 2981/2020
- Decided
- 18 November 2020
- Bench
- D.Y. CHANDRACHUD, INDU MALHOTRA, INDIRA BANERJEE (3-judge bench)
- Outcome
- Disposed off
- Case type
- Criminal
Headnote
Securities and Exchange Board of India Act 1992 - s.19 r/w. ss.11(1), 11(4)(d), 11(4A), 11(5) and 11B - SEBI (Prohibition of Insider Trading) Regulations 2015 - regn.10 - It was alleged that respondent-CEO and Managing Director of 51,000 shares of the company on 24.10.2016 having inside knowledge of price sensitive information, namely, the unaudited financial results of the quarter ending on 30.09.2016 - Later, the price of the scrips of the company sustained a drastic reduction - The allegation against the
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