Comment on Consequences of Short delivery - NSE/BSE

Nayab commented on 13 Nov 2016, 01:03 PM

Please clarify this problem because my friend facing this….
Let us consider he sold 180 shares of Tata metaliks for Rs.411 (411*180=Rs.73980) and cant buy because it stop at Rs.464.. ans sayes only selling today

After two days he got message that he bought 180 shares for Rs.615.24
That means (615.24*180=110743)
110743-73980=Rs.36763
In that case he have only Rs.8000 in his account
And he have to pay nearly Rs.28763

How much time he will get to pay that money or
What will happen if he doesn’t pay that money till for 6 months or 1 year….

Will they take action against him or will they wipe out money from his personal bank account???

Please clarify this to me because l know this problem is facing many peoples and dont know what will happen

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