https://www.taxtmi.com/caselaws?id=790511 Absence of prior written trade instructions does not, by itself, allow a client to repudiate trading losses, and delayed objection will not defeat liability where the evidence shows fraudulent or unauthorized trading. The tribunal may rely on surrounding circumstances to determine what occurred, and here the trades were treated as part of a manipulated course of dealing rather than ordinary market losses. A principal is also liable for fraud, misrepresentation, and unauthorized acts committed by its agent within the scope of agency, even without express authorisation or direct personal benefit. The broker was therefore held responsible for its alliance partner's conduct, and the arbitral award fastening liability on the broker was sustained. en-us Tue, 21 Apr 2026 00:00:00 +0530 Mon, 27 Apr 2026 08:21:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790511 Absence of prior written trade instructions does not, by itself, allow a client to repudiate trading losses, and delayed objection will not defeat liability where the evidence shows fraudulent or unauthorized trading. The tribunal may rely on surrounding circumstances to determine what occurred, and here the trades were treated as part of a manipulated course of dealing rather than ordinary market losses. A principal is also liable for fraud, misrepresentation, and unauthorized acts committed by its agent within the scope of agency, even without express authorisation or direct personal benefit. The broker was therefore held responsible for its alliance partner's conduct, and the arbitral award fastening liability on the broker was sustained. Case-Laws Indian Laws Tue, 21 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790511