https://www.taxtmi.com/caselaws?id=797130 Front-running allegations involving use of non-public information to trade ahead of large mutual-fund orders fall within the regulatory framework for fraudulent or unfair trade practices under securities law. The statutory bar on cognizance requires prosecution for offences under that framework to proceed on a complaint by SEBI, and the special mechanism prevails over general criminal-law process. An FIR founded essentially on the securities-law violation cannot bypass that requirement and was quashed in its existing form. Any criminal action for the alleged front-running offence must be initiated through SEBI's prescribed statutory procedure. Whether the facts disclose an independent general criminal-law offence remained undecided. en-us Thu, 13 Aug 2026 00:00:00 +0530 Tue, 18 Aug 2026 08:35:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797130 Front-running allegations involving use of non-public information to trade ahead of large mutual-fund orders fall within the regulatory framework for fraudulent or unfair trade practices under securities law. The statutory bar on cognizance requires prosecution for offences under that framework to proceed on a complaint by SEBI, and the special mechanism prevails over general criminal-law process. An FIR founded essentially on the securities-law violation cannot bypass that requirement and was quashed in its existing form. Any criminal action for the alleged front-running offence must be initiated through SEBI's prescribed statutory procedure. Whether the facts disclose an independent general criminal-law offence remained undecided. Case-Laws SEBI Thu, 13 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797130