https://www.taxtmi.com/caselaws?id=198928 The Securities Appellate Tribunal (SAT) found that the central charge of market manipulation against Nirmal Bang Securities Ltd. (NBS), Bang Equity Broking Pvt. Ltd. (BEB), Bama Securities Ltd., and Bang Securities Pvt. Ltd. (BSPL) was unsubstantiated. However, charges of short sales by NBS and BEB, synchronized trading by BEB with First Global Stock Brokers, and sales in specific time slots by Bama were established. SAT modified SEBI's penalty, suspending NBS's certificate for 2 years, BEB's and Bama's for 3 years, and setting aside the cancellation order against BSPL. en-us Fri, 31 Oct 2003 00:00:00 +0530 Tue, 13 Feb 2018 13:21:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198928 The Securities Appellate Tribunal (SAT) found that the central charge of market manipulation against Nirmal Bang Securities Ltd. (NBS), Bang Equity Broking Pvt. Ltd. (BEB), Bama Securities Ltd., and Bang Securities Pvt. Ltd. (BSPL) was unsubstantiated. However, charges of short sales by NBS and BEB, synchronized trading by BEB with First Global Stock Brokers, and sales in specific time slots by Bama were established. SAT modified SEBI's penalty, suspending NBS's certificate for 2 years, BEB's and Bama's for 3 years, and setting aside the cancellation order against BSPL. Case-Laws Companies Law Fri, 31 Oct 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198928