Comment on Consequences of Short delivery - NSE/BSE

Murali Krishna commented on 25 Jul 2016, 12:08 PM

Hi Nithin Sir,

On 20july2016 short sold [email protected] Anant Raj company shares after few minutes share got locked in upper circuit @56.45. due to no seller 58,700 deducted from my account on the same day. and
on 22july2016 2,80,000 deducted ( total 3,38,700 – Being margin blocked for sale of ANANTRAJ ).
Closing price was 62.75.

Sir how much possible penalty will be imposed?
Will I get shares of Anant Raj or rest of the amount after penalty?
Please help me to understand.

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