Adjudication Order in respect of Jitendra Kumar Nahta HUF in the matter of Illiquid Stock Options at BSE
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What is this order about?
SEBI issued an order against Jitendra Kumar Nahta HUF for allegedly executing non-genuine trades in illiquid stock options at BSE, creating artificial volume during April 2014 to September 2015.
Who it concerns
Jitendra Kumar Nahta HUF (PAN: AAEHJ2046M)
What was found or directed
- SEBI found 2,91,744 trades (81.40% of all trades) in stock options segment during IP were allegedly non-genuine
- Jitendra Kumar Nahta HUF executed 6 non-genuine trades in 3 Stock Options contracts, creating artificial volume of 58,000 units
- Violated PFUTP Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a)
- Noticee did not avail SEBI ISO Settlement Scheme 2022 or 2024
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | Order/MS/BK/2026-27/32489 |
| Status | closed (section: order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |
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Documents
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Order
2026-07-15
ORDER_1784106410.pdf
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