Sebi relaxes restraint order in castor seed controversy

Last May, Sebi had issued restraint orders against 18 entities from dealing in securities market

The Securities and Exchange Board of India (Sebi) announced a relaxation of its interim order against those accused in a price manipulation case of castor seed on the National Commodity and Derivatives Exchange (NCDEX) a year before.

Last May, it had issued restraint orders against 18 entities from dealing in the securities market, as an interim measure till the investigation was concluded. That was after a development in January on the exchange, when castor prices started falling and those having long positions couldn’t pay the mark to market margin. And, NCDEX had to suspend castor seed futures in end-January 2016.

Sebi investigated