Description
SEBI releases attached bank accounts, demat accounts and mutual fund folios of Himlaksh Tradelinks and related individuals in PACL recovery proceedings.
Summary
SEBI has released the attachment on bank accounts, demat accounts and mutual fund folios of Himlaksh Tradelinks Private Limited, Mr. Karan Singh Shekhawat and Ms. Meena Shekhavat in connection with the PACL Limited matter. This action is part of ongoing recovery proceedings.
Key Points
- Release of attached financial accounts and investments
- Involves Himlaksh Tradelinks Private Limited and two individuals
- Connected to PACL Limited enforcement case
- Administrative action in recovery proceedings
Regulatory Changes
No new regulatory changes introduced - this is an administrative action releasing previously attached assets.
Compliance Requirements
No specific compliance requirements for market participants. This is a case-specific release order.
Important Dates
- Order Date: August 13, 2025
- Effective immediately upon issuance
Impact Assessment
Limited market impact as this is an administrative release of attachments in a specific enforcement case. The release suggests progress in the resolution of recovery proceedings related to PACL Limited matter.
Impact Justification
Administrative release of attachments in ongoing recovery proceedings, limited market impact