SEBI disposed of adjudication proceedings against Kedar Mal Poddar HUF for alleged manipulation in BSE's illiquid stock options segment.
The noticee executed 4 reversal trades in 2 contracts, creating artificial volume of 486,304 units during April 2014-September 2015.
Proceedings were terminated as the HUF was dissolved in September 2017 and its karta died in January 2020, making the case infructuous.