"A Trader made ₹1.75 Crore Profit in F&O due to Technical glitch by Kotak Securities.
This glitch allowed ₹40 Crore worth margin to be used by the Trader.
Kotak Securities took away that ₹40 Crore Margin in sometime BUT wanted that Profit of ₹1.75 Crore Profit as well.
Bombay High court says Kotak cant have it both ways for if it had resulted in loss, it couldn’t take the hit on losses. Then why are they seeking ownership of Profits?
Kotak has still appealed on this interim judgement (that allows the trader Mr Rajguru to keep profits) with next hearing on 4th Feb, 2026.
By the way, Kotak tried to settle the case with the trader by offering him ₹50 Lakhs out of the profit earned by him only (seeking ₹1.25 Crore profit for itself in other words)."
Assuming that no courts are involved yet, and this just happened yesterday and money was credited to customers zerodha account as per contract note, what would be zerodha’s first reaction?