https://www.taxtmi.com/caselaws?id=387567 The appeals were dismissed, upholding penalties imposed on Ms. Ritika Jhunjhunwala and Mr. G. Moorthy for violating the SEBI Act and PFUTP Regulations. The analysis revealed synchronized trades and intra-group transactions indicating price manipulation in shares of Gemini Communication Limited. Despite their defenses, the court affirmed SEBI's findings, concluding that the trades were non-genuine and aimed at price rigging, leading to no interference with the Adjudicating Officer's order. en-us Wed, 07 Aug 2019 00:00:00 +0530 Fri, 25 Oct 2019 14:43:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387567 The appeals were dismissed, upholding penalties imposed on Ms. Ritika Jhunjhunwala and Mr. G. Moorthy for violating the SEBI Act and PFUTP Regulations. The analysis revealed synchronized trades and intra-group transactions indicating price manipulation in shares of Gemini Communication Limited. Despite their defenses, the court affirmed SEBI's findings, concluding that the trades were non-genuine and aimed at price rigging, leading to no interference with the Adjudicating Officer's order. Case-Laws SEBI Wed, 07 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387567