I have seen this happening after RBI had written off the Lakshmi Vilas Bank equity. All who were waiting for its take over by a bigger bank got their teeth knocked out. And I could sell my shares after the equity had been written off. Same evening.
Today there were no buyers. Anyway, ICICIdirect does not allow either reverse trade in it or a sell till delivery has been received.
We keep making our last mistake. 
“For proper investment decisions, must be like our mother is/was with clothes. Bargain hard, look at a few counters, ask a lot of questions, reject on smallest things. Most of all, have a clear idea about expectations, budget and need.”
Fantastic advice. So grateful.