https://www.taxtmi.com/caselaws?id=464716 SEBI Board held that Noticees 1-5 (the company and its directors) were not shown to have funded or participated in the alleged preferential-allotment-related manipulation and are not penalised. Noticees 6 and 7 were found to have engaged in deliberate price manipulation - including name-lending and coordinated buy/sell orders to inflate LTP - violating SEBI (PFUTP) Regulations; they are liable to monetary penalty under s.15HA. The record did not quantify disproportionate gains or investor loss, but the Board declined leniency and directed imposition of penalty. en-us Thu, 28 Feb 2019 00:00:00 +0530 Mon, 10 Nov 2025 17:19:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464716 SEBI Board held that Noticees 1-5 (the company and its directors) were not shown to have funded or participated in the alleged preferential-allotment-related manipulation and are not penalised. Noticees 6 and 7 were found to have engaged in deliberate price manipulation - including name-lending and coordinated buy/sell orders to inflate LTP - violating SEBI (PFUTP) Regulations; they are liable to monetary penalty under s.15HA. The record did not quantify disproportionate gains or investor loss, but the Board declined leniency and directed imposition of penalty. Case-Laws SEBI Thu, 28 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464716