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2010 (1) TMI 1254 - THE SECURITIES APPELLATE TRIBUNAL MUMBAIExtract: .......y been found to be manipulative and circular in nature, the impugned order has to be upheld. In this view of the matter, no fault can be found with the impugned order passed by the adjudicating officer imposing a monetary penalty of ₹ 4 lacs on the appellant. In the result, the appeal fails and the same is dismissed with no order as to costs.
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