SC Upholds SEBI Ban on Karvy Stock Broking in Rs 2,700 Crore Case - Markets
The Supreme Court has upheld SEBI's market ban on Karvy Stock Broking and its promoter in the Rs 2,700 crore client securities misuse case. The broker was accused of pledging client shares without consent and diverting funds to group entities.
Authored by: Sparsh Bansal Updated Oct 9, 2026 12:53 IST The Supreme Court of India has banned Karvy Stock Broking and Promoter from securities market, upholding SEBI's order. SEBI Said Karvy Stock Broking diverted its clients' money to raise funds. ... [2239 chars]
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- Section
- Tech
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- Stock market, Courts & law, Crime & safety
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- ET Now
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- Friday, 9 October 2026, 12:09 pm IST
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- One outlet so far
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