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HC upheld winding up of broker co. as it received money from trader, however made transaction in name of third party

December 7, 2018[2018] 100 117 (Bombay)/[2019] 216 COMP CASE 140 (Bombay)

CA : Where broker of NSEL received money from trader but made transactions in name of third party while creating false impression that same were done in name of said trader, broker should either pay trader impugned amount or it should be wound up
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