The Investcorp Real Estate Yield Fund and six other entities have settled a case with the Securities and Exchange Board of India (Sebi) for violating Alternate Investment Fund (AIF) regulations, agreeing to pay a settlement amount of Rs 25.5 lakh. The case involved failures in timely liquidation of investments as required by Sebi’s rules, with the fund’s tenure extended beyond two years. Sebi’s order noted that the winding up process was improperly executed, leading to further delays in asset liquidation, which was only completed on July 6, 2024, over 1.5 years after required notification.