https://www.taxtmi.com/caselaws?id=376176 The SC upheld penalties imposed by SEBI for securities violations. In the first matter, the court affirmed a Rs. 3 lakh penalty under Section 15HB for manipulative trading, finding that synchronized trading between broker groups indicated fraudulent activity based on preponderance of probability test. In the second matter, the court upheld a Rs. 1 crore penalty under Section 15A(a) for non-compliance with SEBI notices during investigation of unauthorized fund mobilization schemes. The appellants' claim that sealed offices prevented document submission was rejected as belated and contradicted by their partial submissions during proceedings. en-us Thu, 28 Feb 2019 00:00:00 +0530 Wed, 16 Jul 2025 15:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376176 The SC upheld penalties imposed by SEBI for securities violations. In the first matter, the court affirmed a Rs. 3 lakh penalty under Section 15HB for manipulative trading, finding that synchronized trading between broker groups indicated fraudulent activity based on preponderance of probability test. In the second matter, the court upheld a Rs. 1 crore penalty under Section 15A(a) for non-compliance with SEBI notices during investigation of unauthorized fund mobilization schemes. The appellants' claim that sealed offices prevented document submission was rejected as belated and contradicted by their partial submissions during proceedings. Case-Laws SEBI Thu, 28 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376176