2020 (1) TMI 1487

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.... For the Appellant: Mr. J.J. Bhatt, Advocate with Ms. Rinku Valanju, Advocate i/b. R.V. Legal  For the Respondent: Mr. Kevic Setalvad, Senior Advocate with Mr. Vivek Shah and Mr. Ahbhiraj Arora, Advocates i/b.ELP ORDER Tarun Agarwala, J. 1. The present appeal has been filed against the order dated 12th February, 2019 passed by the Whole Time Member restraining the appellant from....

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....The Whole Time Member further found that selling miniscule shares indicates that the appellant was not a genuine trader. The Whole Time Member took note of the decision of the Supreme Court in SEBI vs. Kishore R. Ajmera (2016) 6 SCC 368 holding that the trading pattern of the appellant created a misleading appearance which amounted to manipulation in the price of the scrip and were therefore ....