Commentaries by Anushka Agarwal and Sushmit Mandal

In its order dated March 22, 2021, the Securities Appellate Tribunal (“SAT”), as a huge precedent, significantly raised the threshold concerning unpublished price sensitive information (“UPSI”) in the WhatsApp leak case. Setting aside the previous penalizing three orders – 1, 2 and 3 of the Adjudicating Officer (“AO”) of the Securities Exchange Board of India [...]