Purpose of Utilizing Proceeds Irrelevant to Insider Trading Under 2015 Regulations: Supreme Court Restores SEBI Disgorgement Order

The Supreme Court of India, comprising a bench of Justice Sanjay Karol and Justice N. Kotiswar Singh, has held that under the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, trading in securities while in possession of Unpublished Price Sensitive Information (UPSI) creates a legal presumption of insider trading, rendering the

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