alleging that TM had
squared off its position without making adequate margin calls
and for making unauthorized transactions on 16.05.2014. Per
contra, the respondent denied ... remembered
that this account being a off line account, a margin call is a
must.
In so far as the claim amount is concerned
client's
margin account falls below the required
maintenance margin, the broker shall promptly
make margin calls. However, no further exposure
can be granted ... client's margin account fell below
the required maintenance margin, "the broker shall
promptly make margin calls". Hence, upon the balance
deposit
timely manner, discharged any call for
margin with abundant precaution. Petitioner even had made
excess payments on margin calls on an immediate basis ... margin', which is a
small percentage of the amount. The margin varies from contract
to contract. If the margin is say 2.5%, that means
margin although admittedly they have not
found any tangible evidence of mandatory instructions of placing
an order. There is no margin call made ... client and square-off after asking for
the balance amount (margin call).
h. All the 49 said transactions have not been done with the prior
moto, without any margin call to the respondent.
Further, the petitioner has been misrepresenting the alleged telephone
call as the margin call. The petitioner ... call details were placed
on record, the contents of the call have not been placed on record.
Hence, only because a call was made
account
on that date, and had not received any further margin call.
4. Arguments were heard on behalf of the petitioner. Ld. Arbitrator has
come ... margin and respondent no. 1
had responded by depositing a cheque of Rs. 25,000/. Ld. Arbitrator
also observed that margin call was made after
cannot be MTM difference. That Angel Broking neither
performed a 'Margin Call' nor squared of the position. That
CGST, SGST, IGST have been
calling upon it to
maintain the requisite MTM margins, including an alert
dated 20.03.2020 regarding margin requirements.
3. It is further the case of petitioner ... futures
prices and unauthorized squaring off of open positions
without proper margin calls, purportedly in violation of
Regulation 3 .10 of the National Stock Exchange
Risk Management System was
faulty as it had not made mandatory margin calls when 80% of
available funds were at loss. It is submitted before ... losses at
80% losses of available funds and to provide margin calls for the
same.
4.2 The present petition has been filed raising other grounds
segment requires maintaining
margins with the Broker. Whenever there is a margin
shortfall, either the client has to deposit margin money
or square off some ... positions. In the instant case also,
the Petitioner periodically made margin calls on the
Respondent through email and the Respondent also
deposited margin money
