Karvy: SAT Asks SEBI, NSE and NSDL To Restore Shares Pledged with Axis Bank, ICICI Bank, HDFC Bank, IndusInd Bank and Bajaj Finance

Coming down heavily on National Securities Depositaries Ltd (NSDL) and the Securities and Exchange Board of India (SEBI) for transferring, without any authority of law, fungible shares pledged by Karvy Stock Broking Ltd with four banks and one non-banking finance company (NBFC),

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