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Karvy case: SAT rejects Axis Bank’s plea on invoking pledged shares
In its order passed on December 20, SAT quashed Sebi's two orders passed in January 2020 and December 2019 that barred lenders from invoking the pledge on shares in the Karvy Stock Broking matter. Sebi, NSDL and NSE were also directed to release the shares in four weeks.