Appellants-sellers couldn't be prosecuted for fraudulent trading when buyers of scrip weren't prosecuted: SAT

COMPANY LAW/SEBI : Where Adjudicating Officer by impugned order imposed penalty upon appellants/sellers alleging that trading pattern of appellants indicated manipulation in price of scrip of company 'DITC', in of view fact that it was buyer and not sellers who were manipulating price, appellants alone could not be charged especially when buyers had not been prosecuted and, thus, impugned order could not be sustained insofar as appellants were concerned

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