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    <title>2006 (2) TMI 686 - SECURITIES APPELLATE TRIBUNAL, MUMBAI</title>
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    <description>The appellant&#039;s challenge to the order suspending their registration for circular trading in shares was successful. The Securities and Exchange Board found the appellant guilty of engaging in circular trading, leading to artificially inflated volumes in a company&#039;s shares. Despite similar charges, two other brokers were exonerated. The appellant argued that the order lacked proper consideration and highlighted inconsistencies in findings. The appeal was allowed, setting aside the suspension order, with each party bearing their own costs.</description>
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    <pubDate>Tue, 21 Feb 2006 00:00:00 +0530</pubDate>
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      <title>2006 (2) TMI 686 - SECURITIES APPELLATE TRIBUNAL, MUMBAI</title>
      <link>https://www.taxtmi.com/caselaws?id=197552</link>
      <description>The appellant&#039;s challenge to the order suspending their registration for circular trading in shares was successful. The Securities and Exchange Board found the appellant guilty of engaging in circular trading, leading to artificially inflated volumes in a company&#039;s shares. Despite similar charges, two other brokers were exonerated. The appellant argued that the order lacked proper consideration and highlighted inconsistencies in findings. The appeal was allowed, setting aside the suspension order, with each party bearing their own costs.</description>
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      <pubDate>Tue, 21 Feb 2006 00:00:00 +0530</pubDate>
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