A connected person is anyone who has been associated with the company in any capacity (director, officer, employee, lawyer, auditor, or relative) who had access to UPSI.
Insider Trading Cases
Defense in SEBI investigations, UPSI leaks, and stock market criminal proceedings.
Criminal Law
Defense in SEBI investigations, UPSI leaks, and stock market criminal proceedings.
Insider trading involves trading in listed securities based on Un-published Price Sensitive Information (UPSI) in violation of SEBI (PIT) Regulations and Companies Act provisions.
Bail & Trial provides strategic defense for corporate insiders, directors, officers, and connected persons facing SEBI show cause notices, disgorgement proceedings, and criminal prosecution before SAT and Special Courts.
SEBI & Insider Trading Defense
Defending directors and traders in SEBI UPSI investigations.
- SEBI Show Cause Notices
- SAT Appeals
- Disgorgement & Penalty Defense
Our Expertise
Our Expertise in Insider Trading Law
Navigating SEBI Prohibition of Insider Trading (PIT) Regulations.
SEBI Investigation & SCN Defense
Representing clients during SEBI summons, statements, and show cause proceedings.
- Drafting responses to SEBI SCNs
- Proving trading was not based on UPSI
- Settlement / Consent applications under SEBI rules
Securities Appellate Tribunal (SAT)
Filing appeals against SEBI debarment and penalty orders.
- SAT appeal filings and stay orders
- Challenging multi-crore disgorgement orders
- Supreme Court statutory appeals
Dispute Resolution
Defending Securities Allegations
Specialized remedies in capital markets litigation.
Option 01
SEBI Settlement Proceedings
Negotiating consent settlements without admitting or denying guilt.
Option 02
SAT Appeals
Challenging SEBI Adjudicating Officer penalty orders before SAT.
Option 03
Special Court Criminal Defense
Defending against criminal complaints filed by SEBI under Sec 24 SEBI Act.
What We Do
Services for Insiders & Market Participants
Full-spectrum defense in capital markets enforcement.
UPSI Communication Allegations
Defending charges of tipping or leaking financial results.
Front Running & Market Manipulation
Representation in broker and fund manager investigation.
Pre-Clearance Compliance Defense
Proving trades complied with corporate trading window rules.
Bank & Demat Account Unfreezing
Challenging SEBI impounding and demat freeze orders.
Common Matters
Key Insider Defense Grounds
Evidentiary principles in SEBI prosecutions.
Proof of Possession of UPSI
Prosecution must prove the insider actually possessed unpublished price sensitive data.
Trading Pattern Consistency
Demonstrating trades were part of pre-existing, regular trading plans.
Public Availability of Data
Proving the information was already generally available in the public domain.
Our Process
Our SEBI Defense Workflow
How we navigate SEBI enforcement proceedings.
1
Emergency Intake & FIR Audit
Immediate scrutiny of FIR, complaint allegations, and statutory sections invoked regarding Insider Trading Cases.
2
Digital & Forensic Evidence Gathering
Securing electronic records, witness statements, CCTV footage, and Section 65B compliance.
3
Bail & Interim Protection
Filing Anticipatory or Regular Bail petitions to protect liberty and restrain custodial harassment.
4
Discharge & High Court Quashing
Drafting Section 227/239 Discharge applications and Section 482 CrPC petitions before the High Court.
5
Trial Advocacy & Cross-Examination
Tenacious cross-examination of prosecution witnesses and dismantling circumstantial theories.
6
Verdict, Acquittal & Record Expungement
Securing complete acquittal, property release orders, and lifting of lookout circulars or passport curbs.
Why Choose Us
Why Choose Us for Insider Trading
Sophisticated financial market legal advocacy.
Capital Markets Mastery
Understanding complex derivatives, algorithmic trading, and SEBI regulations.
SAT & High Court Presence
Extensive experience litigating before SAT in Mumbai and High Courts.
Have Questions?
FAQ about Insider Trading Cases
-
Who is considered a "Connected Person" under SEBI Insider Trading Regulations?
-
What is SEBI Settlement (Consent) mechanism?SEBI allows alleged violators to settle enforcement proceedings by paying a settlement amount or accepting voluntary undertakings without admitting or denying guilt.
-
What is the maximum penalty for insider trading under the SEBI Act?Under Section 15G of the SEBI Act, penalties can extend up to 25 crore rupees or three times the amount of profits made out of insider trading, whichever is higher.
-
What is the procedure for obtaining Anticipatory Bail under criminal law?Anticipatory bail is filed before the Sessions Court or High Court under Section 438 CrPC / Sec 482 BNSS when a person apprehends arrest in a non-bailable offense, preventing police detention.
-
What is the legal difference between bailable and non-bailable offenses?In bailable offenses, bail is a statutory right granted at the police station or magistrate court. In non-bailable offenses, granting bail is at the judicial discretion of the court.
Book a Consultation
Book a Consultation
Speak with our legal experts for personalized advice and strategic representation.
Book an Appointment
Schedule your initial legal consultation with our team.