SEBI orders Avadhut Sathe Trading Academy and its founder to refund ₹546.17 crore with interest, imposes ₹11.5 crore in penalties and market restrictions. Markets regulator SEBI on Friday directed Avadhut Sathe Trading Academy Pvt Ltd (ASTAPL) and its Founder Avadhut Sathe to refund Rs 546.17 crore collected from participants for providing unregistered investment advisory and research analyst services, along with interest of Rs 67.87 crore.