Supreme Court of India · 2022-04-19

BALRAM GARG vs SECURITIES AND EXCHANGE BOARD OF INDIA

Citation / case number: SC 2021/26746
Court: Supreme Court of India
Petitioner: BALRAM GARG
Respondent: SECURITIES AND EXCHANGE BOARD OF INDIA
Author: HON'BLE MR. JUSTICE VINEET SARAN
Bench: HON'BLE MR. JUSTICE J.K. MAHESHWARI HON'BLE MR. JUSTICE VINEET SARAN

Judgment text excerpt

The Supreme Court addressed appeals challenging the Securities Appellate Tribunal's dismissal of appeals against SEBI's impounding order and show-cause notice related to insider trading allegations. The court examined the definitions of 'connected person' and 'insider' under the SEBI (Prevention of Insider Trading Regulations), 2015, and upheld the Tribunal's decision, affirming SEBI's authority in regulating insider trading practices.