Case Law Details
Case Name : Shreehas P. Tambe Vs. SEBI (Securities Appellate Tribunal)
Related Assessment Year :
Courts :
Securities Appellate Tribunal
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Shreehas P Tambe Vs. SEBI (Securities Appellate Tribunal); Appeal No. 491 of 2021;26/07/2022
KEY MESSAGE
Insider despite having unpublished price sensitive information (UPSI) of the Company can afford to sell his shares in the company for meeting his financial commitment of bona fide purpose and such sale proceeds are immediately used as such where due care has been taken to obtain the pre-clearance sale from the Company would get protected under t
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