Saksham Gadia, Jindal Global Law School
Lavanya Malani, Jindal Global Law School
INTRODUCTION
The Securities and Exchange Board of India (SEBI) has been vigilant in regulating the securities market to protect the interests of investors. Insider trading is one of the most controversial regulatory issues, undermining market integrity and investor trust. Mrs. Chandrakala v. SEBI, 20121 is a landmark decision that dives into the complexity of insider trading, concentrating specifically on the idea of "Unpublished Price Sensitive Information" (UPSI) and what makes a "deemed to be connected person." This case comment seeks to offer a thorough analysis of the judgement, examine the legal arguments advanced by both parties, and assess the jurisprudential concepts employed. Furthermore, the remark will provide a critical appraisal of the implications of the aforementioned verdict on the larger environment of insider trading in India.
Comments