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Bajaj Finance challenges SEBI decision on Karvy

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Mumbai: Bajaj Finance moved the Securities Appellate Tribunal (SAT) against the Securities and Exchange Board of India’s order barring Karvy Stock Broking from taking new clients in respect of its stock broking activities and also prevented it from using the PoA (power of attorney) given by clients after the broker was found to have allegedly misused clients' securities, ET Now reported late on Monday.

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