The Securities Appellate Tribunal (SAT) rejected Reliance Industries Ltd, (RIL) appeal against SEBI owing to the deletion of Section 15T (2) and insertion of Section 15JB (4) into the SEBI Act with retrospective effect from April 20, 2007, by Ordinance No: 2 of 2014, which bars appeal against any order passed in consent proceedings. In a case involving insider trading of … [Read more...] about SAT Dismisses RIL Appeal In Insider Trading Case
Insider Trading
Sun Pharma- Ranbaxy Merger On Hold
Based on a petition filed on charges on insider trading, the Andhra Pradesh High Court ordered that interim status quo be maintained on the merger of Sun Pharma and Ranbaxy, and issued notices to Securities and Exchange Board of India (SEBI), BSE, NSE, Sun Pharma, Ranbaxy, Daichii Sankyo and Silver Street Developers. The petitioners levelled charges of insider trading as … [Read more...] about Sun Pharma- Ranbaxy Merger On Hold