SC: Lessee Cannot Challenge Eviction After Landowner Withdraws Plea || SC: Appointment Contrary to Recruitment Advertisement Constitutes Fraud on Public || SC: Bribe Given to Intermediary Alone Insufficient to Establish Public Servant's Guilt under PC Act || SC: AO Cannot Revive Assessment Concluded by Settlement Commission under Income Tax Act || SC: Insurer's Office Location Alone can't Confer Jurisdiction for Claim under MV Act || Calcutta HC: Mutual Consent Divorce Justifies Quashing S.498A IPC Cruelty Case under HMA || Delhi HC: Mere 2-Year Delay in Arbitral Award does not Warrant Setting Aside || Kerala HC: Courts can't Insist on Identifying Unknown Parties in John Doe Suits || Supreme Court: Army Must Prove Disability Was Unrelated to Service to Deny Pension || SC: Grant of Fishing Rights by Deed is a Transfer of Immovable Property, Qualifies as Lease

AP HC Quashes Criminal Cases in Amravati Insider Trading Case - (20 Jan 2021)

CAPITAL MARKET

Andhra Pradesh High Court has quashed few criminal cases filed in connection with the alleged 'insider trading' in land transactions at Amaravati, observing that private sale transactions cannot be criminalized and that the concept of the offence of "insider trading", which is essentially an offence in the field of stock market relating to selling and buying the securities and bonds, cannot be applied to the offences under Indian Penal Code, 1860 (IPC) and cannot be read into Section 420 IPC.

Tags : ANDHRA PRADESH HIGH COURT AMRAVATI INSIDER TRADING CASE

Share :