https://www.taxtmi.com/caselaws?id=460798 Securities Appellate Tribunal Mumbai upheld SEBI's order restraining appellants from securities market access for price manipulation. Appellants created bogus capital gains through coordinated trading scheme where connected entities cornered free float shares, manipulated prices from Rs. 11 to Rs. 173.65, and benefited from subsequent sales. Tribunal found violation of PFUTP Regulations 3 and 4, confirming fraudulent scheme except for one appellant who lacked involvement in daily operations and orchestrated manipulation. en-us Fri, 29 Apr 2022 00:00:00 +0530 Fri, 21 Feb 2025 08:22:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460798 Securities Appellate Tribunal Mumbai upheld SEBI's order restraining appellants from securities market access for price manipulation. Appellants created bogus capital gains through coordinated trading scheme where connected entities cornered free float shares, manipulated prices from Rs. 11 to Rs. 173.65, and benefited from subsequent sales. Tribunal found violation of PFUTP Regulations 3 and 4, confirming fraudulent scheme except for one appellant who lacked involvement in daily operations and orchestrated manipulation. Case-Laws SEBI Fri, 29 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460798