Trader Turns Glitch into ₹1.75 Cr Fortune; Bombay HC Backs Him, Kotak Appeals

• Mumbai trader Gajanan Rajguru profited ₹1.75 crore due to a technical glitch at Kotak Securities.
• In 2022, ₹40 crore in margin money was mistakenly credited to his trading account.
• Rajguru traded for 20 minutes, initially losing ₹54 lakh, then gaining ₹2.38 crore, resulting in a net profit of ₹1.75 crore.
• The Bombay High Court ruled that Rajguru could keep the profit, stating it was not unjust enrichment and acknowledged his market risk and skills.
• Kotak Securities has appealed the decision, with the next hearing scheduled for February 4, 2026.

Why It Matters: Bombay HC allows trader to keep ₹1.75 Cr profit from Kotak Securities glitch; appeal pending.