Description
SEBI notice for attachment of bank and demat accounts of defaulter Ram Prakash and his proprietorship firm Khan Enterprise in the matter of Esteem Bio Organic Food Processing Ltd.
Summary
SEBI has issued attachment orders 14800 & 14801 of 2025 dated July 28, 2025, against Ram Prakash (PAN: AXFPR4439L) and his proprietorship firm Khan Enterprise in connection with Recovery Certificate No. 7073 of 2023 related to Esteem Bio Organic Food Processing Ltd.
Key Points
- Attachment orders issued against Ram Prakash and Khan Enterprise
- Recovery Certificate No. 7073 of 2023 in matter of Esteem Bio Organic Food Processing Ltd.
- Both bank accounts and demat accounts subject to attachment
- Orders dated July 28, 2025
Regulatory Changes
No regulatory changes - this is an enforcement action under existing recovery procedures.
Compliance Requirements
- Banks and depositories to comply with attachment orders
- Frozen accounts cannot be operated until further orders
- Third parties dealing with attached accounts may face legal consequences
Important Dates
- Order Date: July 28, 2025
- Recovery Certificate: No. 7073 of 2023
Impact Assessment
Limited impact on broader market operations. Specific enforcement action against identified defaulter. Banks and depositories must ensure compliance with attachment orders to avoid regulatory issues.
Impact Justification
Enforcement action against specific defaulter with limited market-wide impact