https://www.taxtmi.com/caselaws?id=467105 Whether trading in a listed scrip constituted market manipulation under Section 12A(a),(b),(c) of the SEBI Act read with Regulations 3 and 4 PFUTP: the Tribunal held that continuous buying, large public shareholding acquisition and contributing to positive last traded price do not alone establish fraudulent conduct; violation requires specific evidence such as buy orders placed above prevailing LTP, collusion or a meeting of minds, which were absent. Alleged connections and asserted motive to provide exit at inflated prices were unsupported by admissible evidence. Outcome: impugned order quashed and appeals allowed for the appellants. en-us Mon, 28 Aug 2023 00:00:00 +0530 Fri, 06 Mar 2026 20:54:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467105 Whether trading in a listed scrip constituted market manipulation under Section 12A(a),(b),(c) of the SEBI Act read with Regulations 3 and 4 PFUTP: the Tribunal held that continuous buying, large public shareholding acquisition and contributing to positive last traded price do not alone establish fraudulent conduct; violation requires specific evidence such as buy orders placed above prevailing LTP, collusion or a meeting of minds, which were absent. Alleged connections and asserted motive to provide exit at inflated prices were unsupported by admissible evidence. Outcome: impugned order quashed and appeals allowed for the appellants. Case-Laws SEBI Mon, 28 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467105