https://www.taxtmi.com/caselaws?id=297624 The appellant was found guilty of unfair trade practices related to cornering shares in an IPO, leading to penalties imposed by SEBI, including a 45-day market access ban, disgorgement of unlawful gains, and a monetary penalty. The appellant's fraudulent conduct in financing employees' share applications and selling them for profit was deemed deceitful, violating regulations and resulting in the dismissal of both appeals filed. The tribunal upheld the penalties, emphasizing the necessity of disgorgement to prevent unjust enrichment from illegal activities. en-us Wed, 02 Dec 2009 00:00:00 +0530 Tue, 14 Sep 2021 16:47:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297624 The appellant was found guilty of unfair trade practices related to cornering shares in an IPO, leading to penalties imposed by SEBI, including a 45-day market access ban, disgorgement of unlawful gains, and a monetary penalty. The appellant's fraudulent conduct in financing employees' share applications and selling them for profit was deemed deceitful, violating regulations and resulting in the dismissal of both appeals filed. The tribunal upheld the penalties, emphasizing the necessity of disgorgement to prevent unjust enrichment from illegal activities. Case-Laws SEBI Wed, 02 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297624