SEBI said it has cancelled the portfolio management licence held by Sahara Asset Management Company Pvt Ltd
Justice Misra, 63, has been a part of several key verdicts.
Subrata Roy is in jail since March last year.
The apex court also asked Sahara Group to provide it within two weeks the list of 'unencumbered properties' which can be put on public auction.
Sahara relied on a letter from bank saying the funds were there.
