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SEBI Orders Avadhut Sathe Academy Refund of INR546.18 Crore
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Story summary
- SEBI ordered Avadhut Sathe Trading Academy and its founder to refund INR546.18 crore to investors.
- SEBI imposed INR11.5 crore penalties on the academy and its founders.
- SEBI barred the academy and Avadhut Sathe for two years and Gouri Sathe for six months.
- SEBI froze their bank accounts and set a five-month refund deadline with 30-day newspaper notice requirement.