https://www.taxtmi.com/caselaws?id=464685 AT upheld finding that appellants engaged in high-volume synchronized trades and self-trades that created a misleading appearance of trading and contributed to a new high in the scrip, violating Regulations 3 and 4 of the PFUTP Regulations. The Tribunal held there was no undue delay or laxity in issuing the show cause notice, although any delay could mitigate penalty quantum; given appellants filed no reply, the imposed penalty under section 15J was deemed justified and proportionate. Appeal dismissed. en-us Tue, 06 Apr 2021 00:00:00 +0530 Mon, 10 Nov 2025 19:08:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464685 AT upheld finding that appellants engaged in high-volume synchronized trades and self-trades that created a misleading appearance of trading and contributed to a new high in the scrip, violating Regulations 3 and 4 of the PFUTP Regulations. The Tribunal held there was no undue delay or laxity in issuing the show cause notice, although any delay could mitigate penalty quantum; given appellants filed no reply, the imposed penalty under section 15J was deemed justified and proportionate. Appeal dismissed. Case-Laws SEBI Tue, 06 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464685