Wrongful gain" is gain by
unlawful means of property to which the
person gaining is not legally entitled.
"Wrongful loss".- "Wrongful ... gain wrongfully when such person
retains wrongfully, as well as when such
person acquires wrongfully. A person is said
to lose wrongfully when such person
period of 14 years.
b) The appellants shall disgorge the wrongful gains made
by them alongwith simple interest at the rate ... profits which have accrued to a defendant from a wrongful act
leading to a wrongful gain. Thus, restitution is a separate remedy,
and cannot
regulations made thereunder, to
disgorge an amount equivalent to the wrongful
gain made or loss averted by such
contravention."
19. A perusal ... deprive a wrong doer of his unjust enrichment. It aims
in ensuring that a person in possession of the wrongful
gain does not continue
section 263 of the
aforesaid Act with an intent to provide wrongful gain to such
assesses. Charges leveled against the applicant are as follows:-
Article ... section 263 of the aforesaid Act with an intent to
provide wrongful gain to such assesses.
Article- II
That Sri Devendra Nath Mishra, while holding
next trading day. However, respondent illegally and to make wrongful
gains sold the aforesaid shares on 22.1.2008 without informing the
appellant and inspite of receipt ... deficient in service and had duped the appellant for making
wrongful gains. Due to this unfair trade practice, deficiency in service
and malafide
next trading day. However, respondent illegally and to make wrongful
gains sold the aforesaid shares of four companies on 22.1.2008 without
informing the appellant ... deficient in service and had duped the appellant for making
wrongful gains. Due to this unfair trade practice, deficiency in service
and malafide
Price Waterhouse
Bangalore shall jointly and severally disgorge the
wrongful gains of Rs. 13,09,01,664/- alongwith interest
@ 12% p.a. from January ... agent to deal in securities, whether or not there is
any wrongful gain or avoidance of any loss, and
shall also include--
(1) a knowing
learned assessing officer in the entire computation of capital
gains are wrong and the capital gains require to be
recomputed on the facts and circumstances ... learned assessing officer in the entire computation of capital
gains are wrong and the capital gains require to be recomputed
on the facts and circumstances
Price Waterhouse
Bangalore shall jointly and severally disgorge the
wrongful gains of Rs. 13,09,01,664/- alongwith interest
@ 12% p.a. from January ... agent to deal in securities, whether or not there is
any wrongful gain or avoidance of any loss, and
shall also include--
(1) a knowing
Price Waterhouse
Bangalore shall jointly and severally disgorge the
wrongful gains of Rs. 13,09,01,664/- alongwith interest
@ 12% p.a. from January ... agent to deal in securities, whether or not there is
any wrongful gain or avoidance of any loss, and
shall also include--
(1) a knowing
