https://www.taxtmi.com/caselaws?id=468514 SEBI found that manipulative trading patterns in an illiquid scrip, including closely connected trading, matched orders, artificial volume creation, and repeated miniscule trades influencing price, could establish fraudulent and unfair trade practices on a preponderance of probabilities without direct proof of collusion. It further stated that once such contraventions are proved, monetary penalty under Section 15HA follows, and the quantum is fixed with reference to Section 15J factors; in the matter described, penalties were imposed on the remaining active noticees, while proceedings against one noticee did not survive. en-us Tue, 29 Nov 2022 00:00:00 +0530 Mon, 11 May 2026 17:40:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468514 SEBI found that manipulative trading patterns in an illiquid scrip, including closely connected trading, matched orders, artificial volume creation, and repeated miniscule trades influencing price, could establish fraudulent and unfair trade practices on a preponderance of probabilities without direct proof of collusion. It further stated that once such contraventions are proved, monetary penalty under Section 15HA follows, and the quantum is fixed with reference to Section 15J factors; in the matter described, penalties were imposed on the remaining active noticees, while proceedings against one noticee did not survive. Case-Laws SEBI Tue, 29 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468514