Description
SEBI issues attachment notice for bank and demat accounts of defaulter Susanto Chatterjee (PAN: ADNPC9257F) under Recovery Certificate No. 8700 of 2025 in the matter of M/s Basil International Limited.
Summary
SEBI has issued attachment notices (Application Nos. 14938 & 14939 of 2025) dated October 16, 2025, for bank accounts and demat accounts belonging to Susanto Chatterjee (PAN: ADNPC9257F), a defaulter in the matter of M/s Basil International Limited. The action is being taken under Recovery Certificate No. 8700 of 2025 for recovery of outstanding dues.
Key Points
- Attachment notices issued against Susanto Chatterjee (PAN: ADNPC9257F)
- Application Numbers: 14938 & 14939 of 2025
- Recovery Certificate No. 8700 of 2025
- Related entity: M/s Basil International Limited
- Notice dated: October 16, 2025
- Covers both bank accounts and demat accounts of the defaulter
Regulatory Changes
No new regulatory changes. This is an enforcement action under existing SEBI recovery proceedings framework.
Compliance Requirements
- Financial institutions holding the attached bank accounts must comply with the attachment order
- Depositories and depository participants holding demat accounts must freeze the attached accounts
- No withdrawals, transfers, or transactions allowed in the attached accounts without SEBI’s permission
- The defaulter is required to settle outstanding dues as per the recovery certificate
Important Dates
- Notice Date: October 16, 2025
- Application Numbers: 14938 & 14939 of 2025
- Recovery Certificate: No. 8700 of 2025
Impact Assessment
High Impact: This attachment order represents serious enforcement action by SEBI for recovery of dues. The freezing of bank and demat accounts will significantly restrict the financial activities of Susanto Chatterjee. This action signals SEBI’s commitment to investor protection and recovery of dues in matters involving Basil International Limited. Other entities and individuals involved in similar matters should take note of SEBI’s active enforcement of recovery proceedings.
Impact Justification
High severity enforcement action involving attachment of financial accounts for recovery of dues, indicating serious regulatory non-compliance and potential investor protection concerns.