https://www.taxtmi.com/caselaws?id=464618 The AT upheld the impugned order finding certain noticees guilty of violating Section 12A of the SEBI Act and Regulations 3 and 4 of the PFUTP Regulations for orchestrating preferential allotments without genuine capital infusion and engaging in synchronized, structured trades that artificially inflated volumes and price. The tribunal affirmed disgorgement of unlawful gains and concluded the trading pattern-intra-day squared-off positions and buy/sell orders within one minute-demonstrated intent to manipulate the scrip. Connected parties who failed to contest the proceedings were also held liable. en-us Thu, 15 Jun 2023 00:00:00 +0530 Thu, 06 Nov 2025 19:04:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464618 The AT upheld the impugned order finding certain noticees guilty of violating Section 12A of the SEBI Act and Regulations 3 and 4 of the PFUTP Regulations for orchestrating preferential allotments without genuine capital infusion and engaging in synchronized, structured trades that artificially inflated volumes and price. The tribunal affirmed disgorgement of unlawful gains and concluded the trading pattern-intra-day squared-off positions and buy/sell orders within one minute-demonstrated intent to manipulate the scrip. Connected parties who failed to contest the proceedings were also held liable. Case-Laws SEBI Thu, 15 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464618