'Dancing finfluencer' Sathe seeks ₹5.25-cr to run academy, SEBI says '₹2 cr are for ads'

Avadhut Sathe, the 'dancing finfluencer' banned from market for offering trading advice without registering with SEBI, approached SAT to challenge the regulator's order, which directed Sathe to deposit ₹546-crore unlawful gains. Sathe sought to withdraw ₹5.25 crore as monthly expenses for his academy. SEBI opposed this, noting that he was seeking ₹2 crore for ads and ₹1 crore for seminars.