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    <title>2026 (6) TMI 457 - SC Order</title>
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    <description>Insider trading allegations under the proviso to Regulation 4(1) of the PIT Regulations concerned bona fide trades made while in possession of unpublished price sensitive information. The Tribunal had quashed the insider-trading finding and related market-access and association restraints, while sustaining the penalty for delayed disclosure of two trades under Regulation 7(2)(a). The Supreme Court declined to interfere with that outcome, clarified that it has no binding-precedent effect, and left the underlying question of law open.</description>
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