https://www.taxtmi.com/caselaws?id=781142 SAT (LB) set aside the penalty imposed under s.15I, holding that the regulator failed to prove coordination between the appellant group and counter-parties. The tribunal found the appellants traded only on two days at market price, sold their entire holding in the first patch, and lacked evidence of a manipulative, fraudulent strategy to create artificial volumes. Consequently, findings of violation of s.12A and Regulations 3 and 4 of PFUTP were not sustained and the appeal was allowed. en-us Wed, 17 Sep 2025 00:00:00 +0530 Tue, 11 Nov 2025 17:52:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781142 SAT (LB) set aside the penalty imposed under s.15I, holding that the regulator failed to prove coordination between the appellant group and counter-parties. The tribunal found the appellants traded only on two days at market price, sold their entire holding in the first patch, and lacked evidence of a manipulative, fraudulent strategy to create artificial volumes. Consequently, findings of violation of s.12A and Regulations 3 and 4 of PFUTP were not sustained and the appeal was allowed. Case-Laws SEBI Wed, 17 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781142