Case Law Details
Case Name : Securities And Exchange Board of India Vs Abhijit Rajan (Supreme Court of India)
Appeal Number : Civil Appeal No. 563 of 2020
Date of Judgement/Order : 19/09/2022
Related Assessment Year :
Courts :
Supreme Court of India
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Securities And Exchange Board of India Vs Abhijit Rajan (Supreme Court of India)
Supreme Court held that mere possession of price-sensitive information doesn’t prove that the person was indulged in insider trading. There must be an attempt to take advantage of or encash the benefit of the information so possessed.
Facts-
The respondent was the Chairman and Managing Director of Gammon Infrastructure Projects Limited (GIPL). In 2012, GIP
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