F&O trader earns Rs 1.75 crore profit in 20 minutes with accidental Rs 40 crore margin money due to a tech glitch; Bombay HC allows him keep the profit, here's why
Rs 40 crore margin glitch helps F&O trader earn Rs 1.75 crore in 20 minutes; Bombay HC says he can keep it. The Bombay High Court ruled that profits earned by a trader using mistakenly provided margin money due to a tech glitch belong to the trader, not the broker. The court found Kotak Securities' claim for profits unjust.