Description
SEBI issues notice of attachment of bank and demat accounts (14956 & 14957 of 2025) dated October 17, 2025 against Ancient Education Pvt Ltd (PAN: AALCA2837R) in the matter of Superior Finlease Ltd under Recovery Certificate No. 8339 of 2024.
Summary
SEBI has issued a Notice of Attachment of Bank Accounts and Demat Accounts (Notice Nos. 14956 & 14957 of 2025) dated October 17, 2025 against Ancient Education Pvt Ltd (PAN: AALCA2837R) under Recovery Certificate No. 8339 of 2024 in the matter of Superior Finlease Ltd. This enforcement action is part of SEBI’s recovery proceedings to recover dues from the defaulter entity.
Key Points
- Attachment notices issued: 14956 & 14957 of 2025
- Date of notice: October 17, 2025
- Defaulter entity: Ancient Education Pvt Ltd
- PAN of defaulter: AALCA2837R
- Related matter: Superior Finlease Ltd
- Recovery Certificate No.: 8339 of 2024
- Action: Attachment of bank accounts and demat accounts
- Authority: Securities and Exchange Board of India (SEBI)
Regulatory Changes
No new regulatory changes introduced. This is an enforcement action under existing SEBI recovery procedures and powers.
Compliance Requirements
- Banks and depository participants holding accounts of Ancient Education Pvt Ltd (PAN: AALCA2837R) must comply with the attachment orders
- Affected accounts must be frozen and no debits or withdrawals permitted without SEBI authorization
- Financial institutions must cooperate with SEBI’s recovery proceedings
- Ancient Education Pvt Ltd must settle outstanding dues as per Recovery Certificate No. 8339 of 2024
Important Dates
- October 17, 2025: Date of attachment notice
- Recovery Certificate issued: 2024 (RC No. 8339/2024)
Impact Assessment
Entity-Specific Impact:
- Ancient Education Pvt Ltd faces severe restrictions with bank and demat accounts frozen
- The entity’s ability to conduct financial transactions is significantly curtailed
- This enforcement action signals SEBI’s commitment to recovering dues in the Superior Finlease Ltd matter
Market Impact:
- Limited direct market impact as this targets a specific defaulter entity
- Demonstrates SEBI’s enforcement capabilities and commitment to recovery proceedings
- Serves as a deterrent for other entities against non-compliance with SEBI orders
Operational Impact:
- Banks and depositories must implement account freezing procedures
- Enhanced due diligence required for transactions involving the defaulter entity
- Recovery proceedings will continue until outstanding amounts are settled
Impact Justification
High impact enforcement action targeting defaulter entity Ancient Education Pvt Ltd in recovery proceedings related to Superior Finlease Ltd matter. Attachment of bank and demat accounts represents significant enforcement measure. Medium importance as it affects specific entity rather than broader market.