https://www.taxtmi.com/caselaws?id=197329 The Tribunal upheld the adjudicating officer's findings of market manipulation violations under regulations 4(1) and 4(2) of the Securities and Exchange Board of India Regulations. The appellant was fined Rs. 7 lacs for executing synchronized trades leading to non-genuine transactions in a company's scrip on the Bombay Stock Exchange, despite arguing lack of evidence connecting it to group entities and market manipulation. The Tribunal found sufficient evidence of coordinated trading activities among related entities, reducing the penalty from the initial Rs. 25 lacs to Rs. 7 lacs in line with previous decisions on similar cases. en-us Mon, 16 Jan 2012 00:00:00 +0530 Wed, 03 Jan 2018 15:28:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197329 The Tribunal upheld the adjudicating officer's findings of market manipulation violations under regulations 4(1) and 4(2) of the Securities and Exchange Board of India Regulations. The appellant was fined Rs. 7 lacs for executing synchronized trades leading to non-genuine transactions in a company's scrip on the Bombay Stock Exchange, despite arguing lack of evidence connecting it to group entities and market manipulation. The Tribunal found sufficient evidence of coordinated trading activities among related entities, reducing the penalty from the initial Rs. 25 lacs to Rs. 7 lacs in line with previous decisions on similar cases. Case-Laws Companies Law Mon, 16 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197329