Description
SEBI issues notice of attachment of bank accounts and demat accounts (14952 & 14953 of 2025) against SPLENDID HOTELS RESORTS PVT. LTD (PAN: AASCS5684F) under Recovery Certificate No. 8326 of 2024 in the matter of Superior Finlease Ltd.
Summary
SEBI has issued Notice of Attachment of Bank Accounts and Demat Accounts (numbers 14952 & 14953 of 2025) dated October 17, 2025, against SPLENDID HOTELS RESORTS PVT. LTD (PAN: AASCS5684F) as a defaulter in the matter of Superior Finlease Ltd under Recovery Certificate No. 8326 of 2024. This enforcement action is part of SEBI’s recovery proceedings to attach financial assets of the defaulting entity.
Key Points
- Entity identified as defaulter: SPLENDID HOTELS RESORTS PVT. LTD
- PAN of defaulter: AASCS5684F
- Attachment notice numbers: 14952 & 14953 of 2025
- Recovery Certificate Number: 8326 of 2024
- Related matter: Superior Finlease Ltd
- Notice date: October 17, 2025
- Action taken: Attachment of bank accounts and demat accounts
Regulatory Changes
No new regulatory changes. This is an enforcement action under existing SEBI recovery and enforcement provisions.
Compliance Requirements
- Banks and depository participants must comply with the attachment orders
- The defaulter entity’s bank accounts and demat accounts are frozen
- No transactions shall be permitted in the attached accounts without SEBI’s permission
- Financial institutions must report compliance with the attachment orders to SEBI
Important Dates
- October 17, 2025: Notice of attachment issued
- Effective immediately: Attachment of bank accounts and demat accounts comes into effect
Impact Assessment
Market Impact: Low to medium - This action is specific to a private limited company and does not directly impact broader market operations or trading.
Entity Impact: High - SPLENDID HOTELS RESORTS PVT. LTD faces severe restrictions with its bank accounts and demat accounts being frozen, preventing any financial transactions or securities dealings.
Operational Impact: The company will be unable to conduct banking operations or securities transactions until the matter is resolved. This enforcement action serves as a deterrent to other potential defaulters and demonstrates SEBI’s commitment to recovering dues in securities market matters.
Impact Justification
High severity enforcement action involving attachment of bank and demat accounts of a defaulter entity. Medium importance as it affects a specific private company rather than broader market operations.