0047-2011 Mr. Narendra Ganatra vs Securities and Exchange Board of India
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and/or their brokers try to defeat the system by matching the buy and sell orders by punching them into the system simultaneously for the same amount and for the same price. This happens more frequently in illiquid scrips. In the case before us, there is no charge against the appellants that they matched/synchronized their sell orders with the buy orders of the Ganatra group by punching in the orders simultaneously in a manipulative manner. In the absence of any such allegation, the charge of connivance could be established only if there was some other contemporaneous material on t
BEFORE THE SECURITIES APPELLATE TRIBUNAL MUMBAI Appeal No. 47 of 2011 Date of decision: 29.07.2011 Mr. Narendra Ganatra B/36, Kumar Apartment, Behind R. C. Church, Vikroli Station Road, Vikroli (West), Mumbai – 400 079.
……Appellant Versus Securities and Exchange Board of India SEBI Bhavan, Plot No. C-4A, G Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051.
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Source: SecMarx — 0047-2011 Mr. Narendra Ganatra 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.