0167-2012 Mr. Sujit Karkera and Others vs Adjudicating Officer Securities and Exchange Board of India
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“13. We are inclined to agree with learned counsel for the appellants that the 1995 Regulations prohibited front running by any person dealing in the securities market and a departure has been made in the Regulations of 2003 whereby front running has been prohibited only by intermediaries. The cases cited by the learned senior counsel for the Board and referred to above also relate to front running by intermediaries and not by other traders in the market. In the absence of any specific provision in the Act, rules or regulations prohibiting front running by a person other than an inter
BEFORE THE SECURITIES APPELLATE TRIBUNAL MUMBAI
Appeal No.167 of 2012 Date of Decision: 17.12.2012 1. Mr. Sujit Karkera 2. Mrs. Shilpa Kotak 603, Krishna, Bharda Wadi Road, Amboli, Andheri (West), Mumbai – 400 058. 3. Mr. Purushottam Karkera C/804, Nandan, S.V. Road, Andheri (West), Mumbai – 400 058.
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