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Shivajirao Nilangekar Patil vs Dr. Mahesh Madhav Gosavi & Ors. And Vice ... on 9 December, 1986

Shivajirao Nilangekar Patil v. Mahesh Madhav Gosavi AIR 1987 SC 294. 'There is no question in this case of giving any clean chit to the appellant in the first appeal before us. It leaves a great deal on suspicion that tampering was done to please Shri Patil or at his behest. It is true that there is no direct evidence. It is also true that there is no evidence to link him up with tampering. Tampering is established. The relationship is established.' 10.1 After taking into consideration all that has been stated above and the circumstantial evidence, I am convinced that Sterlite Industries Ltd. has indulged in price manipulation of the scrip of Sterlite during the period April and May, 1998 and violated regulation 4 (a) and (d) of SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 1995 read with Section 11(1) and 1 l(2)(e) of SEBI Act, 1992.
Supreme Court of India Cites 20 - Cited by 191 - S Mukharji - Full Document
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