Avadhoot Sathe Trading Academy gets relief from SAT: Will be able to withdraw ₹ 2.25 crore every month from bank accounts; SEBI had ordered confiscation of ₹546 crore and market ban.

The Security Appellate Tribunal (SAT) has given some relief to Avadhoot Sathe and his academy (ASTA). The tribunal has allowed the academy to withdraw Rs 2.25 crore every month from its bank accounts.

This decision has come on the appeal filed against the interim order of market regulator SEBI, which had directed to seize Rs 546 crore of Sathe and ban him from the stock market. Now the next hearing of this case will be on January 9, 2026.

SEBI had taken strict action in December

SEBI had issued an interim order on December 4. It was alleged that Avadhoot Sathe Trading Academy was providing investment advisory and research analyst services without registration in the name of ‘education’ and ‘training’.

SEBI had ordered to oust the academy from the market and confiscate Rs 546 crore earned illegally. Sathe had challenged this order in the Security Appellate Tribunal, calling it ‘economic death’.

Academy had asked for ₹5.25 crore, tribunal gave ₹2.25 crore

On behalf of Avdhoot Sathe, it was argued in the court that due to the order of SEBI, all his accounts have been frozen, due to which it has become difficult to run the business. The academy had sought permission to withdraw Rs 5.25 crore every month for staff salaries and other expenses.

However, SEBI opposed this and said that out of this, about Rs 3 crore is only for advertisements and seminars, which are not necessary right now. After the hearing, Justice PS Dinesh Kumar has given permission to withdraw Rs 2.25 crore.

SEBI’s allegation – Trapped by deceit, people suffered huge loss

SEBI, in its investigation, found that the academy used to show tempting videos and false testimonials on social media. Sathe is accused of showing only profitable trades in his videos, while in reality many of his clients suffered huge losses.

The regulator also said that despite warnings in March 2024, Sathe did not change his working methods, following which his premises were raided in August 2025 and evidence was collected.

Ban on use of live market data also

In its order, SEBI has directed Sathe and his academy to immediately stop using live market data in any of their training programs or seminars.

Apart from this, an order has also been given to recover a total of Rs 601 crore from them. Sathe’s lawyer says that SEBI issued this unilateral order without giving him a chance to present his side.

SEBI will have to answer in the next hearing

SAT has now directed to maintain status quo in this matter. The court has given SEBI 6 weeks to file its reply.

Till then Sathe will be allowed to withdraw a fixed amount every month for his expenses. The hearing to be held on January 9 will decide whether SEBI’s ban will remain intact or Sathe will get further relief.