SAT quashes SEBI order barring Future, Kishore Biyani from dealing in securities market

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.
Kishore Biyani
Kishore Biyani

The Securities Appellate Tribunal (SAT) has quashed a February 2021 order passed by the Securities and Exchange Board of India (SEBI) which had barred the Founder and CEO of Future Group Kishore Biyani from dealing in the securities market for one year.

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