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The SAT concluded that Biyani and Future had not indulged in insider trading since the information based on which they had made their trades was "generally available" in the public domain through various media reports.
The Appellate Tribunal criticized NSDL for transferring the pledged shares to Karvy's clients without proper legal authority.
The SAT found that continuing the interim order was harsh and unwarranted, especially given SEBI's "track record" of not completing investigations on time.
The SAT has concluded that the information said to have been possessed by the Roys when the traded in the NDTV shares was not price sensitive, contrary to the SEBI findings on this aspect.
The Law School Admission Council (LSAC) has announced that the registration process for LSAT India 2023 will conclude tomorrow, May 26, 2023. Aspiring candidates who meet the eligibility criteria are encouraged to submit their application forms online through the official website at discoverlaw.in.