Court : SEBI Securities and Exchange Board of India or Securities Appellate Tribunal SAT
..... , by way of negotiated deal. to a question "when it can be said the general public came to know about strategic alliance between bayer industries and abs industries - the first news item appear to be carried out in the second week of october, 1996 by various financial dailies."" the appellant's answer ..... company. the appellant has always acted with the best interest of the company in mind. in the post economic liberalisation, several of the end-user industries of the products manufactured by the company (abs and san resins), including automobiles, consumer durables, telecommunication instruments, were planning to put up facilities in india ..... (insider trading) regulations, 1992 (the "regulations"). in particular the impugned order makes the following findings:- (a) that, the appellant, being the managing director of abs industries ("the company") is a "connected person" pursuant to regulation 2(c). further, that the appellant is an insider within the meaning of regulation 2(e) of the .....
Tag this Judgment!