Description
SEBI notice for attachment of bank and demat accounts of defaulters in Channel Nine Entertainment Ltd IPO matter under Recovery Certificate No. 8464 of 2024.
Summary
SEBI has issued a notice for attachment of bank accounts and demat accounts against LMR Green Realty Private Limited (PAN: AACCL1899B) and Aavisha Credit Capital Pvt. Ltd (PAN: AAACA5715D) in connection with the IPO matter of Channel Nine Entertainment Ltd under Recovery Certificate No. 8464 of 2024.
Key Points
- Recovery Certificate No. 8464 of 2024 issued
- Two entities identified as defaulters: LMR Green Realty Private Limited and Aavisha Credit Capital Pvt. Ltd
- Account attachment proceedings initiated for recovery
- Matter relates to Channel Nine Entertainment Ltd IPO
- Notice dated August 01, 2025
Regulatory Changes
No specific regulatory changes mentioned in this enforcement action.
Compliance Requirements
- Affected entities must comply with account attachment proceedings
- Banks and depositories to freeze specified accounts as per SEBI directions
- Defaulters required to settle outstanding dues to avoid further enforcement action
Important Dates
- Notice Date: August 01, 2025
- Recovery Certificate: No. 8464 of 2024
Impact Assessment
This enforcement action demonstrates SEBI’s continued efforts to recover dues from IPO-related defaulters. The attachment of bank and demat accounts represents a significant enforcement measure that can severely impact the financial operations of the defaulting entities. This action serves as a deterrent for other market participants and reinforces compliance with IPO-related obligations.
Impact Justification
Account attachment notice affecting defaulters in IPO matter with significant compliance implications