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Companies Law - Highlights / Catch Notes

Home Highlights August 2015 Year 2015 This

Manipulative, fraudulent and unfair trade practices – Circular ...


Appellant Liable for Clients' Manipulative Trading Practices, Inflating GIL Scrip Prices Through Circular Trading and Collusion.

August 8, 2015

Case Laws     Companies Law     AT

Manipulative, fraudulent and unfair trade practices – Circular trading – not in dispute that six clients of Appellant acted in collusion amongst each other in synchronized / circular / reversal manner, thereby artificially increased volume / price of GIL scrip - appellant cannot escape liability - SAT

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