Alternative statutory remedy and unexplained delay barred writ review of customs confiscation adjudication, leaving merits for appellate consideration...
Authorised courier due diligence protects against penalties where declared exports conceal prohibited goods despite proper documentation and customs p...
Customs-controlled container movement now extends to DP World facilities, subject to segregation, inspections, reconciliation, and EXIM cargo priority...
The AT held that stock split is a price sensitive information as it is likely to impact the price of securities. The UPSI period commenced from March 20, 2017 when the discussion specifically included analysis of stock split for IAL. However, the appellants cannot be considered insiders merely because they subscribed to IAL's pre-IPO preferential allotment. There was no evidence that appellants had access to or possessed UPSI when trading in IAL's scrip. Hence, the appeal was allowed.
The AT held that stock split is a price sensitive information as it is likely to impact the price of securities. The UPSI period commenced from March 20, 2017 when the discussion specifically included analysis of stock split for IAL. However, the appellants cannot be considered insiders merely because they subscribed to IAL's pre-IPO preferential allotment. There was no evidence that appellants had access to or possessed UPSI when trading in IAL's scrip. Hence, the appeal was allowed.
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