https://www.taxtmi.com/caselaws?id=299309 The Tribunal found the appellants guilty of insider trading but deemed the penalties imposed as inadequate deterrents. Despite the increased maximum penalty under the Securities and Exchange Board of India Act, the adjudicating officer failed to impose penalties in line with the seriousness of the offense. SEBI's handling of the proceedings was criticized for not taking further action to prevent the appellants from benefiting from their illegal gains. The appeals were dismissed without costs, emphasizing the importance of imposing adequate penalties to deter insider trading in the securities market. en-us Fri, 26 Aug 2011 00:00:00 +0530 Thu, 09 Dec 2021 16:09:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299309 The Tribunal found the appellants guilty of insider trading but deemed the penalties imposed as inadequate deterrents. Despite the increased maximum penalty under the Securities and Exchange Board of India Act, the adjudicating officer failed to impose penalties in line with the seriousness of the offense. SEBI's handling of the proceedings was criticized for not taking further action to prevent the appellants from benefiting from their illegal gains. The appeals were dismissed without costs, emphasizing the importance of imposing adequate penalties to deter insider trading in the securities market. Case-Laws SEBI Fri, 26 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299309