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Naive to say that screen-based trades are anonymous and not synchronised: SC
Case Law Details
- Case Name
- Securities And Exchange Board Of India Vs. Rakhi Trading Private Ltd. (Supreme Court of India)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- Supreme Court of India
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SEBI Vs. Rakhi Trading Private Ltd. (Supreme Court of India)
Having regard to the fact that the dealings in the stock exchange are governed by the principles of fair play and transparency, one does not have to labour much on the meaning of unfair trade practices in securities. Contextually and in simple words, it means a practice which does not conform to the fair and transparent principles of trades in the stock market. In the instant case, one party booked gains and the other party booked a loss. Nobody intentionally trades for loss. An intentional trading for loss per se, is not a genuine ...
