The two entities, Edelweiss Stressed and Troubled Assets Revival Fund Trust and Edelweiss Alternative Asset Advisors Ltd, have reached a settlement with the market regulator SEBI over alleged violations of alternative investment fund regulations. They collectively paid Rs 61.4 lakh to settle the charges.

SEBI's order mandates that the involved officers refrain from engaging with the company for a 12-month period. This decision comes after the entities filed applications to settle proceedings without admitting or denying SEBI's findings, following complaints of governance and conflict management lapses.

Edelweiss has implemented corrective measures, establishing a fund board with independent members and a governance committee to oversee conflict situations. However, SEBI retains the right

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