https://www.taxtmi.com/caselaws?id=781144 The SAT upheld findings of insider trading by an independent director who, while privy to the company's annual financials for FY 2020-21, traded the next day, concluding on the preponderance of probabilities that the appellants were insiders as both connected persons and in possession of UPSI. The tribunal found the violation serious and affirmed imposition of the minimum penalty under s.15G (Rs. 10 lakhs) as just and appropriate. The appeal was dismissed. en-us Fri, 26 Sep 2025 00:00:00 +0530 Tue, 11 Nov 2025 17:50:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781144 The SAT upheld findings of insider trading by an independent director who, while privy to the company's annual financials for FY 2020-21, traded the next day, concluding on the preponderance of probabilities that the appellants were insiders as both connected persons and in possession of UPSI. The tribunal found the violation serious and affirmed imposition of the minimum penalty under s.15G (Rs. 10 lakhs) as just and appropriate. The appeal was dismissed. Case-Laws SEBI Fri, 26 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781144