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Mumbai Trader Turns Glitch into Rs 1.75 Cr Profit
2 Jan
Summary
- Trader profited Rs 1.75 crore in 20 minutes from accidental credit.
- Bombay High Court ruled profits from mistaken margin money are not unjust enrichment.
- Next hearing set for February 4, 2026, with interim order upheld.
An F&O trader in Mumbai recently secured a substantial profit of Rs 1.75 crore within a mere 20 minutes, thanks to an accidental credit of Rs 40 crore from his broker, Kotak Securities, due to a technical glitch. The trader then strategically utilized this mistaken margin money for further F&O trading, capitalizing on the unexpected liquidity.
The Bombay High Court has now ruled on the matter, stating that profits derived from mistakenly provided trade margin money, resulting from a broker's technical issue, cannot be classified as 'unjust enrichment.' The court acknowledged that the trader's profit stemmed from his own trading skills and risk assessment after discovering the availability of the funds.
The court's interim order, originally passed on December 3, 2025, was upheld when the case was referred to the HC on December 24, 2025. Kotak Securities' appeal will be heard on February 4, 2026, but until then, the trader is permitted to retain the Rs 1.75 crore profit. The High Court noted that Kotak Securities incurred no financial loss from the incident.
