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    <title>2013 (12) TMI 399 - SECURITIES APPELLATE TRIBUNAL, MUMBAI</title>
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    <description>The Tribunal upheld SEBI&#039;s order restraining market access and trading activities for two years due to the appellant&#039;s violations of FUTP Regulations. The appellant&#039;s defense of acquiring shares in good faith was undermined by SEBI&#039;s findings of manipulative trading practices and connections to the company&#039;s promoter group. The Tribunal found no merit in the appellant&#039;s arguments, affirming SEBI&#039;s regulatory findings and dismissing the appeal without costs.</description>
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    <pubDate>Fri, 28 Jun 2013 00:00:00 +0530</pubDate>
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      <title>2013 (12) TMI 399 - SECURITIES APPELLATE TRIBUNAL, MUMBAI</title>
      <link>https://www.taxtmi.com/caselaws?id=240734</link>
      <description>The Tribunal upheld SEBI&#039;s order restraining market access and trading activities for two years due to the appellant&#039;s violations of FUTP Regulations. The appellant&#039;s defense of acquiring shares in good faith was undermined by SEBI&#039;s findings of manipulative trading practices and connections to the company&#039;s promoter group. The Tribunal found no merit in the appellant&#039;s arguments, affirming SEBI&#039;s regulatory findings and dismissing the appeal without costs.</description>
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