Release of attachment on immovable property attached vide Prohibitory Order No. 335 of 2022 dated November 23, 2022 of Himlaksh Tradelinks Pvt Ltd., Mr. Karan Singh Shekhawat and Ms. Meena Shekhavat in the matter of PACL Ltd.

Description

SEBI releases attachment on immovable property of Himlaksh Tradelinks and associated individuals in PACL Ltd matter

Summary

SEBI has released the attachment on immovable property that was attached under Prohibitory Order No. 335 of 2022 dated November 23, 2022, involving Himlaksh Tradelinks Pvt Ltd., Mr. Karan Singh Shekhawat and Ms. Meena Shekhavat in connection with the PACL Ltd matter.

Key Points

• Release of attachment on immovable property previously attached under prohibitory order
• Involves Himlaksh Tradelinks Pvt Ltd and two individuals
• Connected to the broader PACL Ltd enforcement matter
• Original prohibitory order dated November 23, 2022

Regulatory Changes

No new regulatory changes introduced - this is an enforcement action update releasing previously attached property.

Compliance Requirements

The affected entities can now deal with the previously attached immovable property as the attachment has been released.

Important Dates

• Original Prohibitory Order: November 23, 2022
• Release Date: August 13, 2025

Impact Assessment

This release primarily affects the specific entities mentioned - Himlaksh Tradelinks Pvt Ltd, Mr. Karan Singh Shekhawat and Ms. Meena Shekhavat. The broader market impact is limited as this relates to a specific enforcement matter resolution.

Impact Justification

Property attachment release in ongoing enforcement matter - moderate impact on specific entities involved