Sebi has directed Jakraya Sugar Ltd and its directors to refund the money collected from investors without complying with the regulatory norms. In addition, these entities have been restrained from buying, selling, or otherwise dealing in the securities market "till the expiry of a period of three years from the date of effecting the refund". In its interim order cum show cause notice, Sebi also directed JSL will cease to mobilise fresh funds from investors through the offer and allotment of any securities, to the public, either directly or indirectly until further orders.