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of <h1>Appeal dismissed; Rs. 4,00,000 penalty for violating SEBI (Prohibition of Insider Trading) Regulations, 1992 upheld</h1> <h3>Veerendra Kumar Singh Versus Securities And Exchange Board Of India</h3> Veerendra Kumar Singh Versus Securities And Exchange Board Of India - TMI 'Delay condoned.' The Supreme Court dismissed the appeal and declined interference with the impugned judgment that had confirmed a penalty of Rs. 4,00,000/- imposed by the Whole Time Member, Securities and Exchange Board of India. The penalty was for violation of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 1992. The Court stated that it did 'not find any good ground and reason to interfere' with the confirmation of the penalty. Consequently, the appeal was dismissed and pending applications, if any, were directed to stand disposed of. No counsel appeared for the respondent at the hearing.
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