https://www.taxtmi.com/caselaws?id=198252 The Tribunal upheld the adjudicating officer's decision to impose a penalty of `8 lacs on the appellant for engaging in manipulative trades, despite the appellant's denial and claim of unauthorized use of his account. The Tribunal found the penalty justified based on evidence of the appellant's involvement in the trades, rejecting the appellant's defense of language barrier and lack of understanding. The appeal was dismissed, with no costs awarded, affirming the penalty under Section 15HA of the Securities and Exchange Board of India Act, 1992. en-us Thu, 20 Dec 2012 00:00:00 +0530 Sat, 27 Jan 2018 10:40:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198252 The Tribunal upheld the adjudicating officer's decision to impose a penalty of `8 lacs on the appellant for engaging in manipulative trades, despite the appellant's denial and claim of unauthorized use of his account. The Tribunal found the penalty justified based on evidence of the appellant's involvement in the trades, rejecting the appellant's defense of language barrier and lack of understanding. The appeal was dismissed, with no costs awarded, affirming the penalty under Section 15HA of the Securities and Exchange Board of India Act, 1992. Case-Laws Companies Law Thu, 20 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198252