1

Mr. KG filed a complaint against Mr. P alleging that Mr. P has communicated unpublished price sensitive information to Mr. X. Mr. P took a plea that Mr. X requested him for such information and it was done bonafidely. State the correct statement as to the liability of Mr. P: –

  • A

    Mr. P will not be liable as he communicated about unpublished price sensitive information on the request of Mr. X

  • B

    Mr. P will not be liable as he communicated about unpublished price sensitive information to Mr. X, in the ordinary cause of business

  • C

    Mr. P will not be liable as he communicated about unpublished price sensitive information to Mr. X as it was done without any mala-fide intention.

  • D

    Mr. P will be liable as he communicated about unpublished price sensitive information to Mr. X, whether with or without his request for such information.