SAT in its order has asked the 3 bodies to return the shares pledged by Karvy Stock Broking to the brokerage s lenders or compensate the lenders with the value of the underlying securities along with an interest of 10% per annum
SAT in its order has asked the 3 bodies to return the shares pledged by Karvy Stock Broking to the brokerage s lenders or compensate the lenders with the value of the underlying securities along with an interest of 10% per annum
"This lackadaisical approach by Sebi is contrary to spirit of Sebi Act.we find that the interest of the investors, namely, the appellants were least considered and apathy was writ large," read the SAT order.