Description

SEBI issues attachment notice for bank and demat accounts of Prakash Gupta and Shri Trading Co (PAN: ARVPG7849R) in relation to IPO of Eco Friendly Food Processing Park Limited under Recovery Certificate No. 8080 of 2024.

Summary

SEBI has issued Attachment Notices 14944 and 14945 of 2025 dated October 17, 2025 against Prakash Gupta and his proprietorship firm Shri Trading Co (PAN: ARVPG7849R) in connection with recovery proceedings related to the IPO of Eco Friendly Food Processing Park Limited. The attachment has been issued under Recovery Certificate No. 8080 of 2024, directing the attachment of bank accounts and demat accounts of the defaulter.

Key Points

  • Defaulter: Prakash Gupta and proprietorship firm Shri Trading Co
  • PAN Number: ARVPG7849R
  • Recovery Certificate Number: 8080 of 2024
  • Attachment Notice Numbers: 14944 & 14945 of 2025
  • Notice Date: October 17, 2025
  • Related Matter: IPO of Eco Friendly Food Processing Park Limited
  • Action Taken: Attachment of bank accounts and demat accounts

Regulatory Changes

No new regulatory changes introduced. This is an enforcement action under existing recovery proceedings framework.

Compliance Requirements

  • Banks and depositories must comply with the attachment orders and freeze the specified accounts
  • The defaulter is prohibited from operating the attached bank accounts and demat accounts
  • Financial institutions must report the status of attached accounts to SEBI
  • The defaulter must settle outstanding dues as per the recovery certificate

Important Dates

  • October 17, 2025: Date of Attachment Notices 14944 & 14945 of 2025
  • Recovery Certificate No. 8080 of 2024 remains in effect

Impact Assessment

This enforcement action has high impact on the named defaulter, preventing access to financial resources through bank and demat accounts. The attachment is a serious regulatory measure indicating significant outstanding dues related to IPO proceedings of Eco Friendly Food Processing Park Limited. This action serves as a warning to market participants about the consequences of non-compliance with SEBI orders and demonstrates SEBI’s commitment to recovering dues from defaulters. Financial institutions holding accounts of the named entities must take immediate compliance action.

Impact Justification

High severity enforcement action involving attachment of bank and demat accounts of defaulter in IPO-related recovery proceedings. Direct impact on named entities and indicates serious regulatory non-compliance.