https://www.taxtmi.com/caselaws?id=288223 The Securities Appellate Tribunal, Mumbai upheld the guilty verdict against a trader for engaging in circular trading in two scrips listed on BSE and NSE. The appellant's claim of not being part of the trading group was rejected, with the Tribunal confirming the circular trades and violation of regulation 4. Despite the appellant's arguments of being misled, the Tribunal found the appellant guilty of unfair trade practices. The penalty was reduced to Rs. 1.5 lacs due to the appellant's limited trading period and lack of profit, emphasizing this decision as unique and not setting a precedent. en-us Fri, 11 Feb 2011 00:00:00 +0530 Tue, 26 May 2020 18:31:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288223 The Securities Appellate Tribunal, Mumbai upheld the guilty verdict against a trader for engaging in circular trading in two scrips listed on BSE and NSE. The appellant's claim of not being part of the trading group was rejected, with the Tribunal confirming the circular trades and violation of regulation 4. Despite the appellant's arguments of being misled, the Tribunal found the appellant guilty of unfair trade practices. The penalty was reduced to Rs. 1.5 lacs due to the appellant's limited trading period and lack of profit, emphasizing this decision as unique and not setting a precedent. Case-Laws SEBI Fri, 11 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288223