Other appellants in Appeal No. 696 of 2023

SAT-appeal

• Alleged insider trading by trading before, during, and after the UPSI period, despite deemed knowledge of a demand notice said to trigger the UPSI period; subsequent extension of a loan was also relevant.
  Effect and operation of the impugned order stayed during pendency of the appeals. · Appellants directed to deposit 50% of the Rs. 70 lakh penalty.
  Appeal: Appeal Nos. 695 and 696 of 2023; interim stay and directions issued on 30 August 2023; listed for admission on 16 October 2023.
• Appellants were prima facie alleged to have traded before, during and after the UPSI period, including after deemed knowledge of a demand notice forming the basis of the UPSI period.
  Effect and operation of the impugned order stayed during pendency of the appeals. · Appellants directed to deposit 50% of the imposed penalty.
  Appeal: Appeal Nos. 695 and 696 of 2023; interim stay granted on 30 August 2023 and matters listed for admission on 16 October 2023.