Comment on Consequences of Short delivery - NSE/BSE
commented on
30 Oct 2014, 08:10 PM
Confused if you are talking as the buyer who didn’t get the shares or as the seller who defaulted.
If you are the buyer, you get the shares, instead of T+2 on T+3 days.
If you are the seller who defaulted, exchange will try to buy the shares on auction, and the upper limit is 20% above the closing price of that stock on the T+3 day. Check this link.