https://www.taxtmi.com/caselaws?id=780126 The AT allowed the appeal, holding that the charge of front-running under Section 12A(c) and PFUTP Regulations was not established on the preponderance of probabilities. The tribunal found SEBI erred by failing to address an external investigatory report and drew an adverse inference against the regulator. Because the adjudicating officer omitted treatment of that report and the evidence did not satisfactorily prove trading ahead of the complainant, the monetary penalty and related findings were set aside. en-us Tue, 23 Sep 2025 00:00:00 +0530 Fri, 24 Oct 2025 09:18:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780126 The AT allowed the appeal, holding that the charge of front-running under Section 12A(c) and PFUTP Regulations was not established on the preponderance of probabilities. The tribunal found SEBI erred by failing to address an external investigatory report and drew an adverse inference against the regulator. Because the adjudicating officer omitted treatment of that report and the evidence did not satisfactorily prove trading ahead of the complainant, the monetary penalty and related findings were set aside. Case-Laws SEBI Tue, 23 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780126