The Bombay High Court has upheld an Appellate Arbitral Award allowing a trader to retain profits of approximately Rs. 1.75 Crores earned from trades executed using erroneous margin credited due to a technical glitch in the broker’s system. Justice Sandeep V. Marne, while dismissing the petition filed by Kotak Securities Limited under Section 34 of
Trader Entitled to Retain Profits Earned from “Undue Trade Opportunity” Caused by Broker’s Technical Glitch: Bombay High Court
