https://www.taxtmi.com/caselaws?id=285133 A claim described as margin money was treated as a loan transaction because the appellant could not show actual securities trading and the account records reflected interest and other indicators of financial accommodation. Under the governing by-laws, claims in the nature of loans were not admissible from the Investor Protection Fund, so the rejection of that claim was upheld. The stock exchange was also found not liable to compensate the appellant for alleged regulatory failure, because liability could not be fastened where the underlying transaction was a prohibited loan arrangement and the broker had acted in breach of the regulatory framework. The appeal therefore failed on merits. en-us Thu, 15 Mar 2018 00:00:00 +0530 Sat, 28 Dec 2019 09:54:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285133 A claim described as margin money was treated as a loan transaction because the appellant could not show actual securities trading and the account records reflected interest and other indicators of financial accommodation. Under the governing by-laws, claims in the nature of loans were not admissible from the Investor Protection Fund, so the rejection of that claim was upheld. The stock exchange was also found not liable to compensate the appellant for alleged regulatory failure, because liability could not be fastened where the underlying transaction was a prohibited loan arrangement and the broker had acted in breach of the regulatory framework. The appeal therefore failed on merits. Case-Laws SEBI Thu, 15 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285133