Court Rules Securities Market Ban Unjustified for Appellant Amid Ongoing Insider Trading Investigation; Final Orders Pending.

Insider trading - appellant was restrained from buying or selling any securities - The investigation has not yet concluded and, therefore, it would take some time for issuance of a show cause notice. Final orders will come much later. Considering the aforesaid when only prima facie observations are being made which the appellant has sufficiently explained and discharged his burden we are of the opinion that at this stage debarring a person from accessing the securities market is not justified in the facts of the case. - AT .....

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