https://www.taxtmi.com/caselaws?id=395909 The tribunal upheld the restraint on 5 entities from the securities market and the disgorgement order against 11 entities for manipulative trading practices. It affirmed joint and several liability for disgorgement, finding connections between financing and trading entities. The tribunal acknowledged trading practices contributing to price manipulation but required more detailed evidence. SEBI was directed to provide complete documents and recalibrate disgorgement amounts. Orders against dissolved entities were upheld due to their involvement in the scheme. The tribunal dismissed the set-off of losses and allowed a broker's appeal for liquidation of shares to cover a client's debit. en-us Wed, 04 Mar 2020 00:00:00 +0530 Sat, 13 Jun 2020 10:54:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395909 The tribunal upheld the restraint on 5 entities from the securities market and the disgorgement order against 11 entities for manipulative trading practices. It affirmed joint and several liability for disgorgement, finding connections between financing and trading entities. The tribunal acknowledged trading practices contributing to price manipulation but required more detailed evidence. SEBI was directed to provide complete documents and recalibrate disgorgement amounts. Orders against dissolved entities were upheld due to their involvement in the scheme. The tribunal dismissed the set-off of losses and allowed a broker's appeal for liquidation of shares to cover a client's debit. Case-Laws SEBI Wed, 04 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395909