Adjudication Order in respect of Asta Das and Radheshyam Kundu in the matter of Illiquid Stock Options at BSE
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What is this order about?
This order concerns Asta Das and Radheshyam Kundu, former directors of Advantech Traders Private Limited (ATPL), for allegedly causing artificial volume in stock options trading at BSE through non-genuine reversal trades during April 2014 to September 2015.
Who it concerns
Asta Das, Radheshyam Kundu
What was found or directed
- SEBI found that ATPL executed 4 non-genuine trades in 1 stock options contract
- These trades created artificial volume of 3,72,000 units
- Directors of ATPL are liable under Section 248(7) of Companies Act, 2013
- Violations of PFUTP Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a)
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | Order/AK/DS/2026-27/32355-32356 |
| Status | closed (section: order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |
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Documents
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Order
2026-04-20
ORDER_1776653442.pdf
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