SAT Grants Partial Relief to Avdhut Sathe Academy; Allows Rs 2.25 Cr Withdrawal

• Securities Appellate Tribunal (SAT) granted partial relief to Avdhut Sathe Trading Academy Private Limited against SEBI's interim order.
• SAT allowed the Academy to withdraw Rs 2.25 crore this month for basic expenses, partially unfreezing bank accounts.
• The Academy had sought Rs 5.25 crore monthly, but SEBI opposed, citing non-essential expenses like advertising and seminars.
• The Academy's Senior Advocate Janak Dwarkadas called SEBI's ex-parte order "financial death" and questioned its basis on only 12 complaints.
• SEBI alleges the Academy provided unregistered investment advisory services, while the Academy disputes data, chat interpretations, and profit/loss figures.

Why It Matters: Avdhut Sathe Academy gets temporary financial relief from SAT; full hearing on January 9.