Supreme Court of India
Securities and Exchange Board of India v. Abhijit Rajan
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
What the Court ordered
We are of the view that there is no necessity to go into Question No.
Judgment, page 21
From the headnote
Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 1992 – Regulation 3(i) r/w Reg ulation 4 – Securities and Exchange Board of India Act, 1992 – s s. 12A (d), 12A (e),15Z and 30 – Insider trading – Price sensitive information – Whether information regarding decision of the Board of Dir ectors of GIPL to terminate the contracts in question can be character ized as “price sensitive information” and whether sale by resp ondent of the equity shares held by him in GIPL, under peculiar and compelling circumstances in which he was placed, fell within th e mischief
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