Description
SEBI issues notice of attachment of demat account dated 14.10.2025 under RC No. 7760 of 2024 against Loftier Investment Advisor and Research Pvt. Ltd, Amit Tripathi, Bhuvaneshwar Tiwari, and Pramil Nigam.
Summary
SEBI has issued a Notice of Attachment of Demat Account dated October 14, 2025, under Recovery Certificate No. 7760 of 2024. The notice is drawn against M/s. Loftier Investment Advisor and Research Pvt. Ltd. and three individuals - Amit Tripathi, Bhuvaneshwar Tiwari, and Pramil Nigam - in connection with proceedings against the investment advisory firm.
Key Points
- Notice type: Attachment of Demat Account
- Recovery Certificate No.: 7760 of 2024
- Date of notice: October 14, 2025
- Parties affected: Loftier Investment Advisor and Research Pvt. Ltd., Amit Tripathi, Bhuvaneshwar Tiwari, Pramil Nigam
- Enforcement action under SEBI recovery proceedings
Regulatory Changes
Not applicable - this is an enforcement action notice.
Compliance Requirements
Depository participants and depositories are required to comply with the attachment order by freezing/restricting operations in the specified demat accounts of the named entities and individuals.
Important Dates
- Notice date: October 14, 2025
- Recovery Certificate No. 7760 of 2024 proceedings ongoing
Impact Assessment
This enforcement action restricts the ability of Loftier Investment Advisor and Research Pvt. Ltd. and the named individuals to operate their demat accounts as part of SEBI’s recovery proceedings. The action demonstrates SEBI’s continued enforcement activities against entities and individuals involved in securities market violations. Limited broader market impact expected, primarily affecting the named parties and their clients.
Impact Justification
Enforcement action involving attachment of demat accounts against an investment advisor and associated individuals under ongoing recovery proceedings