https://www.taxtmi.com/caselaws?id=274250 Insider trading liability under the SEBI insider trading framework arises only where an insider deals in securities on the basis of unpublished price sensitive information, and any presumption from connected or deemed connected status remains rebuttable. The appellant rebutted that presumption by showing that her husband had ceased to be a promoter long before the relevant period, that she traded regularly in the shares in the ordinary course, and that her purchases and sales were not patterned around the relevant announcements. On those facts, the trading did not indicate use of unpublished information relating to financial results, dividend, or bonus issue, so the insider trading charge was not established and the adverse order could not be sustained. en-us Tue, 31 Jan 2012 00:00:00 +0530 Mon, 24 Jul 2023 10:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274250 Insider trading liability under the SEBI insider trading framework arises only where an insider deals in securities on the basis of unpublished price sensitive information, and any presumption from connected or deemed connected status remains rebuttable. The appellant rebutted that presumption by showing that her husband had ceased to be a promoter long before the relevant period, that she traded regularly in the shares in the ordinary course, and that her purchases and sales were not patterned around the relevant announcements. On those facts, the trading did not indicate use of unpublished information relating to financial results, dividend, or bonus issue, so the insider trading charge was not established and the adverse order could not be sustained. Case-Laws Companies Law Tue, 31 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274250