Proceeds from Auction Closeout

@nithin @siva If the seller short-delivers shares I bought and the resulting auction ends in a close-out, will the 20% penalty that is collected from the seller be credited to my (buyer) account or will it go to investor protection fund?

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In a close out, the 20% credit gets passed on to the buyer of the securities. Think of it as a compensation to the buyer for non delivery of shares.