SSJ Commodities Private Limited

SAT-appeal

• Clients allegedly acted in concert in Guar Seed and Guar Gum contracts, causing open-interest violations and requiring clubbing of positions. The Committee additionally penalized appellants for alleged failure of due diligence, although that charge was absent from the show-cause notice.
  Impugned common order dated 27 January 2020 quashed. · All appeals allowed.
  Appeal: Appeal Nos. 71 of 2020, 104 of 2020, 125 of 2020, 173 of 2020, 182 of 2020, 15 of 2021 and 495 of 2021 allowed by SAT on 4 July 2022.
• Alleged client concerted trading in Guar Seed and Guar Gum contracts, causing open-interest violations and circumvention of NCDEX limits. The Committee ultimately penalized brokers for alleged lack of due diligence, a charge absent from the show-cause notice.
  Impugned common order dated 27 January 2020 quashed · All appeals allowed
  Appeal: Appeal Nos. 71, 104, 125, 173, 182 of 2020, 15 of 2021 and 495 of 2021 allowed and disposed of on 04 July 2022.
• Clients allegedly acted in concert in Guar Seed and Guar Gum contracts breaching open interest limits requiring clubbing; brokers penalised for failure to carry out due diligence to detect/prevent violation.
  Impugned NCDEX Committee order dated 27.01.2020 quashed · All appeals allowed
  Appeal: Appeal Nos. 71, 104, 125, 173, 182 of 2020 and 15, 495 of 2021 allowed by SAT decision dated 04.07.2022