https://www.taxtmi.com/caselaws?id=259610 Trading in a listed company's securities cannot be suspended on broad surveillance parameters alone without prima facie material linking the company, promoters or directors to market manipulation. The tribunal found the record insufficient to show that the company did not exist at its registered address or was not carrying on business, and rejected the inference that preferential allotments, post-revival price rise, or weak financials by themselves established abnormal pricing or manipulation. The suspension orders were set aside, while regulators were left free to proceed again if specific evidence of manipulation later emerges. en-us Fri, 13 Mar 2015 00:00:00 +0530 Thu, 25 Jun 2015 16:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259610 Trading in a listed company's securities cannot be suspended on broad surveillance parameters alone without prima facie material linking the company, promoters or directors to market manipulation. The tribunal found the record insufficient to show that the company did not exist at its registered address or was not carrying on business, and rejected the inference that preferential allotments, post-revival price rise, or weak financials by themselves established abnormal pricing or manipulation. The suspension orders were set aside, while regulators were left free to proceed again if specific evidence of manipulation later emerges. Case-Laws Companies Law Fri, 13 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259610