https://www.taxtmi.com/caselaws?id=405429 The Securities Appellate Tribunal in Mumbai partly allowed the appeal by the appellants against a penalty imposed by SEBI for violating securities regulations. The Tribunal found that the appellants, small investors and close relatives, were not connected to any fraudulent activities or group entities despite engaging in trades related to a company's shares. Emphasizing the lack of evidence linking them to manipulative trading, the Tribunal set aside the penalty but warned against similar practices in the future. en-us Mon, 26 Oct 2020 00:00:00 +0530 Fri, 19 Mar 2021 10:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405429 The Securities Appellate Tribunal in Mumbai partly allowed the appeal by the appellants against a penalty imposed by SEBI for violating securities regulations. The Tribunal found that the appellants, small investors and close relatives, were not connected to any fraudulent activities or group entities despite engaging in trades related to a company's shares. Emphasizing the lack of evidence linking them to manipulative trading, the Tribunal set aside the penalty but warned against similar practices in the future. Case-Laws SEBI Mon, 26 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405429