SEBI has ordered Avadhut Sathe Trading Academy and its founder to refund about ₹546.17 crore to investors, along with ₹67.87 crore in interest. The regulator also imposes a penalty of ₹11.5 crore and bars the academy from accessing markets, according to multiple reports.
The decisions are linked to allegations of misconduct in how investment-related advisory services were provided. One outlet specifies that SEBI cites the academy running unregistered advisory services, making misleading return claims, and failing to assess the suitability of investment recommendations for participants.
Across the coverage, the main emphasis is on the financial and regulatory consequences—refund amount, interest, and the added penalty—while contextual details about the specific regulatory violations appear more clearly in the Business Line report than in the NDTV pieces. Overall, the outlets broadly align on the core figures and outcomes, with differences largely in how much explanation is included.
