The ban on one individual — Kundan Singh Bisht — has been lifted and the total estimated amount of illegal gains through the alleged manipulation has been revised to Rs 38.61 crore.
If the investigation is not finished by then and a showcause notice is not issued within the time prescribed, then the appellants (Warsi and others) will be permitted to trade in Sadha’s scrip and withdraw an amount held in an escrow account, SAT said
The markets watchdog, through an interim order in March, prohibited 31 entities from the securities market based on prima facie findings, and now it has confirmed the ban against five of them.