https://www.taxtmi.com/caselaws?id=194929 The appeal was dismissed, upholding the findings that the appellants acted as financiers in an IPO scam, manipulated share allotments, employed fraudulent practices, made unlawful gains of Rs. 4.05 crores, and should disgorge this amount along with Rs. 1.95 crores as interest. The Tribunal affirmed the Board's power to order disgorgement and interest, emphasizing equitable principles to prevent unjust enrichment. The appellants' argument against the Board's authority for disgorgement was rejected, resulting in the prohibition on dealing in securities and the enforcement of disgorgement with interest. en-us Fri, 12 Nov 2010 00:00:00 +0530 Fri, 06 Oct 2017 16:46:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194929 The appeal was dismissed, upholding the findings that the appellants acted as financiers in an IPO scam, manipulated share allotments, employed fraudulent practices, made unlawful gains of Rs. 4.05 crores, and should disgorge this amount along with Rs. 1.95 crores as interest. The Tribunal affirmed the Board's power to order disgorgement and interest, emphasizing equitable principles to prevent unjust enrichment. The appellants' argument against the Board's authority for disgorgement was rejected, resulting in the prohibition on dealing in securities and the enforcement of disgorgement with interest. Case-Laws Companies Law Fri, 12 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194929