0086-2013 Prakash K Shah Shares and Securities Private Limited vs National Stock Exchange Of India Limited
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(R) Trades in proprietary account were jobbing transactions and orders were placed in normal course of business. Observation that buy order exceeded 11 times net worth is based on incomplete appreciation of facts, since margin calls are not based on order placement, but on executed trades. Appellant was well within financial net worth and admittedly not in default in respect of trading obligations, vis-à-vis, trades executed. (D) The member in its proprietary account placed buy orders with the Exchange in many scrips during the period 09:02:44 a.m. and 09:50:52 a.m. for a total v
BEFORE THE SECURITIES APPELLATE TRIBUNAL MUMBAI
Order Reserved on : 11.7.2014 Date of Decision : 26.8.2014
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Source: SecMarx — 0086-2013 Prakash K Shah Shares and Securities Private Limited vs National Stock Exchange Of India Limited. 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.