https://www.taxtmi.com/caselaws?id=195482 Synchronized trading and artificial volume creation were not proved because the material showed no cogent evidence of collusion or meeting of minds; common address or group connection alone was insufficient, and synchronized trading is not unlawful without illegitimate concert. The proceedings were also vitiated because relied-upon trade logs and investigation material were not supplied properly, impairing the defence, and because an unexplained delay of more than a decade between the trades, notice and final order caused prejudice. On both grounds, the restraint order could not be sustained and the matter was decided in favour of the appellants. en-us Tue, 27 Aug 2013 00:00:00 +0530 Fri, 14 Jul 2023 10:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195482 Synchronized trading and artificial volume creation were not proved because the material showed no cogent evidence of collusion or meeting of minds; common address or group connection alone was insufficient, and synchronized trading is not unlawful without illegitimate concert. The proceedings were also vitiated because relied-upon trade logs and investigation material were not supplied properly, impairing the defence, and because an unexplained delay of more than a decade between the trades, notice and final order caused prejudice. On both grounds, the restraint order could not be sustained and the matter was decided in favour of the appellants. Case-Laws Companies Law Tue, 27 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195482