Deliberate suspicious trading ignorance by brokers to attract penalty

 Brief of the case: The core question of law arising in this group of appeals being similar and the facts involved being largely identical, all the appeals which were heard analogously are being decided by this common order. We have chosen to analyse the case of SEBI vs. M/s Rajendra Jayantilal Shah which was also disposed by this order itself in which appeal is bearing the No. Civil Appeal No. 252 of 2014. The Hon’ble Supreme Court in the case of SEBI vs. M/s Rajendra Jayantilal Shah held that the broker and sub-broker would be liable to face proceedings under FUTP regulations due to ...