https://www.taxtmi.com/caselaws?id=796931 Trading while in possession of unpublished price sensitive information attracts the prohibition under Regulation 4(1) of the 2015 PIT Regulations, unless the trader establishes a recognised or analogous exonerating circumstance. The stated corporate purpose of a sale, use of proceeds, absence of profit, and reliance on the predecessor regulatory regime do not displace the presumption where possession and trading are admitted. Loss averted through insider trading may be disgorged as part of directions for contravention, and code-of-conduct penalties may be sustained. The insider-trading penalty imposed on one respondent was reduced as excessive after applying the statutory factors, while market-access restraints, disgorgement, and other penalties were reinstated. en-us Tue, 11 Aug 2026 00:00:00 +0530 Thu, 13 Aug 2026 08:30:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796931 Trading while in possession of unpublished price sensitive information attracts the prohibition under Regulation 4(1) of the 2015 PIT Regulations, unless the trader establishes a recognised or analogous exonerating circumstance. The stated corporate purpose of a sale, use of proceeds, absence of profit, and reliance on the predecessor regulatory regime do not displace the presumption where possession and trading are admitted. Loss averted through insider trading may be disgorged as part of directions for contravention, and code-of-conduct penalties may be sustained. The insider-trading penalty imposed on one respondent was reduced as excessive after applying the statutory factors, while market-access restraints, disgorgement, and other penalties were reinstated. Case-Laws SEBI Tue, 11 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796931