Sebi fines IL&FS Securities, Allied Finance, 3 others

These directions come against the backdrop of the entire IL&FS Group, including ISSL, undergoing a resolution process. In January 2021, Sebi held that it has the jurisdiction to determine the monetary and non-monetary liabilities of ISSL in case there are violations and the order was also upheld by the Securities Appellate Tribunal (SAT) while ISSLs appeal is pending before the Supreme Court.

via Economictimes