Comment on Consequences of Short delivery - NSE/BSE

amit commented on 30 Oct 2014, 05:23 AM

I have short sold srf today (29th oct.) But wasn’t able to buy because it hit upper circuit. Now in today’s statement it shows money has been debited from my account about 20 percent extra than today’s upper circuit. But no credit has been made for the money which i get from short selling.
When am i supposed to get the short sell money and what us the max amount that will be lost? Whether it is today’s upper circuit plus 20% or tomorrow’s ending price plus 20%

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