contended by the petitioner
that respondent no. 1 had himself opted for Intraday Trading on 04.01.2008 and as per the
standard procedure respondent ... required to close out his intraday pending positions
by 3 p.m on the trade date itself which he failed to do so without
OPEN positions (i.e.
the carry forward overnight positions) and the intraday
leverage position ( across segments ) will be squared off at
75% MTM Loss.
..................................................................................
LIQUIDATION
Appellant alleges that
the limit of 50 Lakhs was provided to him Intraday
trading though he had not asked for the same
petitioner, the investor can be given exposure of 10 times in
intraday and 5 times on delivery based transactions against their
credit limit.
g) That
