Description
SEBI has issued notices of attachment for bank accounts and demat accounts (14932 & 14933 of 2025) against Rathi Ispat Ltd. (PAN: AAACR2470C) under Recovery Certificate No. 2418 of 2019.
Summary
SEBI has issued notices of attachment (14932 & 14933 of 2025 dated October 16, 2025) for bank accounts and demat accounts belonging to Rathi Ispat Ltd. (PAN: AAACR2470C). This enforcement action is being taken under Recovery Certificate No. 2418 of 2019 as part of recovery proceedings against the defaulter entity.
Key Points
- Entity: Rathi Ispat Ltd. (PAN: AAACR2470C)
- Notice Numbers: 14932 & 14933 of 2025
- Notice Date: October 16, 2025
- Recovery Certificate: No. 2418 of 2019
- Action Type: Attachment of bank accounts and demat accounts
- Status: Defaulter under recovery proceedings
Regulatory Changes
No new regulatory changes introduced. This is an enforcement action under existing SEBI recovery mechanisms.
Compliance Requirements
- Banks and depositories are required to comply with the attachment notices
- Rathi Ispat Ltd. must respond to SEBI’s recovery proceedings
- Attached accounts cannot be operated until further orders from SEBI
Important Dates
- Notice Date: October 16, 2025
- Recovery Certificate Date: 2019 (original)
Impact Assessment
This is a targeted enforcement action against Rathi Ispat Ltd. and does not have broader market implications. The attachment of bank and demat accounts is a standard recovery mechanism used by SEBI to recover dues from defaulting entities. Impact is high for Rathi Ispat Ltd. specifically, but limited for the broader market. This action demonstrates SEBI’s continued efforts to enforce compliance and recover dues from defaulters.
Impact Justification
Enforcement action against defaulter entity Rathi Ispat Ltd. High severity for the entity involved but medium market-wide impact as it affects a specific defaulter under recovery proceedings.