https://www.taxtmi.com/caselaws?id=283642 Price sensitive information shared only with connected persons or those required to know may fall within the insider-trading framework's need-to-know exception, and where there is no evidence of trading, misuse or market prejudice, a penalty may be unsustainable. Failure to close the trading window, if shown to be a technical lapse without pre-clearance requests, insider dealing or other clinching evidence of abuse, may not justify penal action; proportionality remains relevant, and a warning can be a sufficient regulatory response instead of monetary sanctions. en-us Wed, 15 May 2019 00:00:00 +0530 Fri, 04 Oct 2019 09:38:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283642 Price sensitive information shared only with connected persons or those required to know may fall within the insider-trading framework's need-to-know exception, and where there is no evidence of trading, misuse or market prejudice, a penalty may be unsustainable. Failure to close the trading window, if shown to be a technical lapse without pre-clearance requests, insider dealing or other clinching evidence of abuse, may not justify penal action; proportionality remains relevant, and a warning can be a sufficient regulatory response instead of monetary sanctions. Case-Laws SEBI Wed, 15 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283642