https://www.taxtmi.com/caselaws?id=773780 SEBI confirmed interim directions against parties in a manipulative trading scheme involving a zero-revenue company. The company planned to acquire an entity owned by family members of some noticees who held significant free float shares. One noticee purchased shares for USD 1 and sold during price rises. The Board found suspicious patterns of share transfers, corporate announcements, and price movements across four periods. Key personnel resigned after SEBI's intervention. Noticees failed to cooperate with investigations, provide documentary evidence, or comply with asset disclosure directions. Investigation timeline extended to November 2025 due to non-cooperation. en-us Fri, 30 May 2025 00:00:00 +0530 Wed, 25 Jun 2025 12:49:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773780 SEBI confirmed interim directions against parties in a manipulative trading scheme involving a zero-revenue company. The company planned to acquire an entity owned by family members of some noticees who held significant free float shares. One noticee purchased shares for USD 1 and sold during price rises. The Board found suspicious patterns of share transfers, corporate announcements, and price movements across four periods. Key personnel resigned after SEBI's intervention. Noticees failed to cooperate with investigations, provide documentary evidence, or comply with asset disclosure directions. Investigation timeline extended to November 2025 due to non-cooperation. Case-Laws SEBI Fri, 30 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773780