https://www.taxtmi.com/caselaws?id=288519 The appeal challenging the penalty imposed for violating SEBI regulations by engaging in synchronized trades with entities connected to Vishvas Group was dismissed. Evidence of common addresses and off-market transactions established the connection, with trades exceeding claimed amounts, indicating violations. The Adjudicating Officer found manipulation through synchronized and circular trades, influencing share prices. The argument of losses not justifying violations was rejected, and the penalty of Rs. 25 lakh was upheld, considering violations by other Vishvas Group entities. The attempt to delay proceedings was dismissed due to counsel conduct, with no additional penalties imposed. en-us Fri, 21 Oct 2016 00:00:00 +0530 Sat, 13 Jun 2020 09:49:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288519 The appeal challenging the penalty imposed for violating SEBI regulations by engaging in synchronized trades with entities connected to Vishvas Group was dismissed. Evidence of common addresses and off-market transactions established the connection, with trades exceeding claimed amounts, indicating violations. The Adjudicating Officer found manipulation through synchronized and circular trades, influencing share prices. The argument of losses not justifying violations was rejected, and the penalty of Rs. 25 lakh was upheld, considering violations by other Vishvas Group entities. The attempt to delay proceedings was dismissed due to counsel conduct, with no additional penalties imposed. Case-Laws SEBI Fri, 21 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288519