 According to the first two separate orders, SEBI stated that the reputation of Motilal Oswal Commodities Broker and India Infoline Commodities has been “seriously eroded”, which is indispensable in declaring them “not fit and proper” for commodity trading.Soon after that, Geofin Comtrade and Anand Rathi Commodities were declared ‘not fit and proper’ in the second set of orders.The same orders were issued against Phillip Commodities India.