Bombay HC: Trader Keeps ₹1.75 Cr Profit from Kotak Securities Glitch

• Bombay High Court allowed trader Gajanan Rajguru to retain ₹1.75 crore profit from a Kotak Securities tech glitch.
• In 2022, Kotak Securities mistakenly credited ₹40 crore margin to Rajguru's account due to a system error.
• Rajguru used the inflated margin for F&O trades, generating a net profit of ₹1.75 crore after an initial loss.
• Kotak Securities sought to recover the profits, arguing the funds were provided by mistake.
• The HC ruled in December 2025 that the profits were from Rajguru's market actions, not "unjust enrichment," and Kotak suffered no loss.

Why It Matters: Bombay HC upholds trader's right to profits from market actions, even after a broker's tech error.