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Presumption of insider trading in absence of adequate material unsustainable
Case Law Details
- Case Name
- Balram Garg Vs Securities And Exchange Board of India (Supreme Court of India)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- Supreme Court of India
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Balram Garg Vs Securities And Exchange Board of India (Supreme Court of India)
Facts- P. Chand Jeweller Pvt. Ltd. was incorporated on April 13, 2005 under the Companies Act, 1956 as a Private Limited Company. However, pursuant to a resolution passed by the shareholders on July 5, 2011, the company was converted into a Public Limited Company, following which the name of the company was changed to “PC Jeweller Ltd.” and a fresh certificate of incorporation was issued.
The genesis of the present dispute is rooted in the action of Respondent/SEBI against the appellants vide a...
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