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    <title>2013 (11) TMI 1393 - SECURITIES APPELLATE TRIBUNAL, MUMBAI</title>
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    <description>The appeal was dismissed, and the penalty of Rs. 25 lakh imposed on the appellants was upheld. The Tribunal found that the appellants had engaged in fraudulent and unfair trade practices, violating SEBI regulations, and had made undue profits through insider trading and market manipulation. The judgment emphasized the importance of maintaining market integrity and ensuring a level playing field for all investors.</description>
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      <description>The appeal was dismissed, and the penalty of Rs. 25 lakh imposed on the appellants was upheld. The Tribunal found that the appellants had engaged in fraudulent and unfair trade practices, violating SEBI regulations, and had made undue profits through insider trading and market manipulation. The judgment emphasized the importance of maintaining market integrity and ensuring a level playing field for all investors.</description>
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