Trader Keeps Rs 1.75 Cr Profit from Glitch: Bombay HC Rules Against Kotak Securities

• Bombay High Court ruled a trader can keep Rs 1.75 crore profit made from a system glitch at Kotak Securities.
• Trader Gajanan Rajguru was mistakenly credited Rs 40 crore margin by Kotak Securities in 2022.
• Rajguru executed trades within 20 minutes, resulting in a net profit of Rs 1.75 crore.
• The court stated profits were due to the trader's skill and risk-taking, not "unjust enrichment," as Kotak incurred no loss.
• Kotak Securities has challenged the ruling; the next hearing is on February 4, 2026.

Why It Matters: Bombay HC allows trader to retain Rs 1.75 Cr glitch profit, citing skill over unjust enrichment.