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@Vishal Investment
You have sold the secureity( IRFC Bonds) which was not in your DEMAT account,though Karvy may have made mistake in alloting you(IRFC Bonds) of different option But before selling it is the duty of invester to check and satisfy himself that what security he is selling for which he has delievery,Mistake made by Karvy does not give you privelase to sale the security which not held by you and therefor consiquences of your mistake have to be borne by you.