Case Law Details
Case Name : Mrs. Chandra Mukherji and Shelter Infra Projects Pvt. Ltd. Vs SEBI (SAT)
Related Assessment Year :
Courts :
Securities Appellate Tribunal
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Amit Iyer
The Securities Appellate Tribunal (“SAT“) by its order dated November 30, 2016 in a series of appeal before it [the main appeal being Appeal No. 121 of 2014 – Shelter Infra Projects Limited Vs SEBI (“Shelter Infra”)] has determined and confirmed the period from which Unpublished Price Sensitive Information (“UPSI“) shall be deemed to have come into force thereby triggering the obligation to close trading window for insiders under the SEBI (Prohibition of Insider Trading) Regulations, 1992 (“PIT Regulations, 1992“).
The brief fact of t...
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