0339-2023 Karuturi Subrahmanya Chowdary and Others vs Securities and Exchange Board of India
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in any securities of any body corporate on the basis of unpublished price-sensitive information, shall be liable to a penalty [which shall not be less than ten lakh rupees but which may extend to twenty-five crore rupees or three times the amount of profits made out of insider trading, whichever is higher].” 9. A perusal of the aforesaid indicates that the penalty for insider
BEFORE THE SECURITIES APPELLATE TRIBUNAL MUMBAI Date of Decision : 24.04.2023
Misc. Application No. 367 of 2023 And Appeal No. 339 of 2023 1. Mr. Karuturi Subrahmany Chowdary 2-23-14/1, Srinagar Kakinada, Andhra Pradesh – 533003. 2. Mr. Vallepalli Hanumantha Rao 34-12-7, Varanasi Varist, Beside Mullapudi, Venkataramanamm a Library, Tanuka, West Godavari – 534211. 3. Ms. Devalla Satya Madhavi House No. 69-37/11, Rajendra Nagar, Kakinada East, Godavari, Andhra Pradesh – 533003. 4. Mr. P. Durga Prasad C O Ambicas Abhinav Heights, 2623, 1 T1, Revenue Ward No. 5, Santhinagar, Kakinada, Andhra Pradesh – 533003.
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