https://www.taxtmi.com/caselaws?id=288589 Fraudulent and unfair trade practice liability under the securities market regulations requires clear, cogent evidence linking the company itself to the prohibited conduct. On the material described, withholding of shares was not proved to the requisite standard, especially where documentary evidence showed despatch of the relevant parcels and the record did not justify rejecting that evidence. The remaining findings pointed to the role of promoters and intermediaries rather than a separate act by the company as a legal entity. In the absence of clinching evidence of the company's own participation in manipulation or rigging, the debarment could not be sustained. en-us Fri, 18 Aug 2000 00:00:00 +0530 Thu, 18 Jun 2020 11:28:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288589 Fraudulent and unfair trade practice liability under the securities market regulations requires clear, cogent evidence linking the company itself to the prohibited conduct. On the material described, withholding of shares was not proved to the requisite standard, especially where documentary evidence showed despatch of the relevant parcels and the record did not justify rejecting that evidence. The remaining findings pointed to the role of promoters and intermediaries rather than a separate act by the company as a legal entity. In the absence of clinching evidence of the company's own participation in manipulation or rigging, the debarment could not be sustained. Case-Laws SEBI Fri, 18 Aug 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288589