Bombay HC: Trader Keeps Rs 1.75 Cr Profit from Kotak Securities' Tech Glitch
Business
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Moneycontrol•02-01-2026, 18:05
Bombay HC: Trader Keeps Rs 1.75 Cr Profit from Kotak Securities' Tech Glitch
- •Bombay High Court allowed F&O trader Gajanan Rajguru to keep Rs 1.75 crore profit.
- •Profit resulted from an accidental Rs 40 crore margin transfer by Kotak Securities due to a tech glitch in 2022.
- •Rajguru made the profit in 20 minutes; court ruled in December 2025 that it's not unjust enrichment.
- •Kotak Securities appealed the decision, with the next hearing set for February 4, 2026, but the interim judgment stands.
- •The court stated Kotak suffered no loss and shouldn't claim profit from the trader's risk-taking.
Why It Matters: Bombay HC upholds trader's right to keep profit from broker's tech glitch, citing no unjust enrichment.
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