Reliance insider trading: Sebi gets order

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SummarySEBI is to make public names of entities involved in insider trading of Reliance Petroleum shares.

1(d) and (h) of the section eight of the RTI Act in denying the information. Subsection 1(d) clearly provided that even information in the nature of commercial confidence of trade secret or intellectual property could be disclosed if the larger public interest warrants the disclosure" Mishra said.

He said subsection 1(h) is not attracted in the case because the investigation is already over.

"We are of the view that these two items of information should be disclosed (a) in public interest and (b) not being covered by any exemption provision," he said ordering SEBI to disclosed the information within 10 days of receiving the order.

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