Description
SEBI notice for attachment of bank and demat accounts of Columbia Sales (PAN: DAIPS9917R) in IPO recovery matter for Eco Friendly Food Processing Park Limited under Recovery Certificate No. 8027 of 2024.
Summary
SEBI has issued notices 14802 & 14803 of 2025 for attachment of bank accounts and demat accounts belonging to Columbia Sales (PAN: DAIPS9917R) as part of recovery proceedings related to the IPO of Eco Friendly Food Processing Park Limited under Recovery Certificate No. 8027 of 2024.
Key Points
- Entity: Columbia Sales (Defaulter)
- PAN: DAIPS9917R
- Recovery Certificate No.: 8027 of 2024
- Related IPO: Eco Friendly Food Processing Park Limited
- Notice Numbers: 14802 & 14803 of 2025
- Notice Date: July 28, 2025
Regulatory Changes
No new regulatory changes introduced. This is an enforcement action under existing recovery procedures.
Compliance Requirements
- Banks and depositories must comply with attachment orders
- Frozen accounts cannot be operated until further orders
- Third parties dealing with the defaulter should exercise caution
Important Dates
- Notice Date: July 28, 2025
- Recovery Certificate: 8027 of 2024
Impact Assessment
Direct impact on Columbia Sales’ financial operations through account freezing. Serves as enforcement precedent for IPO-related recovery actions. Limited broader market impact but demonstrates SEBI’s active pursuit of defaulters in IPO matters.
Impact Justification
Account attachment notices affect specific defaulter entities but indicate broader enforcement actions in IPO recovery matters