Insider trading: SAT scraps Sebi’s order against Biyani
The Securities Appellate Tribunal (SAT) quashed Sebi’s order banning Kishore Biyani and other promoters from the securities market for insider trading. SAT dismissed the order, stating that the entities did not trade based on unpublished price sensitive information as it was already in the public domain through media reports. Sebi’s authorities also acknowledged that...
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