Ex-Parte Interim Order in the matter of Insider Trading by certain entities in the scrip of IEX
Plain-language summary (AI-generated) — a quick read so you don't have to open the full PDF. May contain errors; the original document below is authoritative.
What is this order about?
SEBI issued an ex-parte interim order concerning alleged insider trading by certain individuals in the shares of Indian Energy Exchange Limited (IEX) based on unpublished price-sensitive information (UPSI) related to a CERC order about market coupling in electricity markets.
Who it concerns
Bhoovan Singh, Amar Jit Singh Soran, Amita Soran, Anita, Narender Kumar, Virender Singh, Bindu Sharma, Sanjeev Kumar
What was found or directed
- SEBI found that the Noticees traded in IEX shares based on UPSI about CERC's market coupling order
- The CERC order announced on July 23, 2025, led to a 29.58% drop in IEX share price on July 24, 2025
- SEBI ordered a forensic audit of trading activities
- SEBI directed an interim order to prevent further trading based on UPSI
- The investigation period was July 1, 2025 to August 14, 2025
Points worth noting
- The CERC order was announced on July 23, 2025, leading to a significant price drop in IEX shares on July 24, 2025
- The investigation period covers trading from July 1 to August 14, 2025
- The order mentions a search and seizure operation conducted between September 18-20, 2025
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | WTM/KV/ISD/ISD-SEC-2/31727/2025-26 |
| Status | closed (section: order) |
| Year | 2025 |
| Closing date | — |
| Documents | 1 |
Highlights & Points worth asking
Auto-generated, neutral observations. Auto-generated from public documents. May contain errors. Not legal or financial advice. Always verify against the linked original document. KaunZimmedar is a platform, not an authority.
No automated observations for this document. Read the documents below directly.
Documents
The original government PDF is the authoritative source — shown below, or open it full-screen in a new tab.
Order
2025-10-15
interim_order_ie1.pdf
Tap “Open the PDF” above to view this document.
Discussion (0)
Citizens discussing these documents. A discussion space — nothing here is verified fact or an official finding. Reading is free; sign in to take part.
Open discussion (0) →