0077-2018 Nirmal Pujara and Others vs Securities and Exchange Board of India
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“38. Having regard to the fact that the dealings in the stock exchange are governed by the principles of fair play and transparency, one does not have to labour much on the meaning of unfair trade practices in securities. Contextually and in simple words, it means a practice which does not confirm to the fair and transparent principles of trades in the stock market. In the instant case, one party booked gains and the other party booked a loss. Nobody intentionally trades for loss. An intentional trading for loss per se, is not a genuine dealing in securities. The platform of th
BEFORE THE SECURITIES APPELLATE TRIBUNAL MUMBAI Date of Hearing : 09.05.2019 Date of Decision : 24.05.2019
Appeal No. 77 of 2018 1. Nirmal Pujara Director, Amar Investments Ltd., Rishra Investments Ltd., Shibir India Ltd., 25, Princep Street, Kolkata - 700072. 2. Jayant Pujara Authorized Signatory, Amar Investments Ltd., Rishra Investments Ltd., Shibir India Ltd., 25, Princep Street, Kolkata - 700072. 3. Mrinal Kanti Roy Director, Rishra Investments Ltd., 25, Princep Street, Kolkata - 700072.
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Source: SecMarx — 0077-2018 Nirmal Pujara and Others vs Securities and Exchange Board of India. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.