traded among themselves and contributed 42.33%
3
of the gross trading volume. It was observed that suspected entities
executed trades among themselves which were synchronised ... were involved in the synchronised trading alongwith circular
trading.
5. The appellant, noticee nos. 10, has been charged with
synchronised and circular trading alongwith noticee
light of the
fact that the transactions are managed through synchronised trading and are not
genuine transactions even though conducted on the Stock Exchange
through the exchange, they are bound to
synchronise. It would, therefore, follow that a
synchronised trade or a trade that matches of market ... sell respectively, the transaction does not become
illegal. A synchronised transaction even on the trading
screen between genuine parties who intend to transfer
beneficial interest
also find that the trades executed by Anandilal Chanda
were synchronised trades as analyzed hereunder :-
(i) The orders placed to square off the existing position ... uphill
task which took time. Considering the findings of synchronised
trades executed by the front runners, we are satisfied that in the given
circumstances, there
commodities in which the appellant traded were
highly liquid commodities and mainly belong to top
traded commodities in NMCE.
2. NMCE is a nationalised electronic ... trade at any point of time, so
clustering between members and synchronised trades
are not possible.
4. The clustering and synchronization of such fast
trades
regarding one
intraday trade which was found to be objectionable and
such trades was treated to be circular/synchronised
trades.
3. Let a reply
purpose.
On analysis of trade data taken from the Calcutta Stock Exchange, it was
found that the above mentioned brokers traded in the 9 penny ... brokers.
Apparently, from the trade patterns it is evident that while trading is done in
a time in synchronised way, it has also been observed
series codes, arising from synchronised
transactions orchestrated by a cartel creating
artificial volumes in illiquid commodities
with 97% trades executed within a minute and
square
Unknown vs Sepco Electric Power Construction on 27 September, 2023
Author: S.K. Panigrahi
Bench
Karnataka Power Transmission ... vs M/S Shamanur Sugars Limited on 22 May, 2023
Author: Suraj
