Description
SEBI issues attachment notices for bank and demat accounts of Ashworth Constructions Pvt Ltd (PAN: AALCA3008J) under Recovery Certificate No. 8337 of 2024 in the matter of Superior Finlease Ltd.
Summary
SEBI has issued attachment notices (No. 14954 & 14955 of 2025 dated October 17, 2025) for bank accounts and demat accounts belonging to Ashworth Constructions Pvt Ltd (PAN: AALCA3008J) in connection with recovery proceedings under Recovery Certificate No. 8337 of 2024 in the matter of Superior Finlease Ltd. This enforcement action enables SEBI to secure assets for recovery of dues.
Key Points
- Entity: Ashworth Constructions Pvt Ltd (PAN: AALCA3008J)
- Notice Numbers: 14954 & 14955 of 2025
- Recovery Certificate No. 8337 of 2024
- Related Matter: Superior Finlease Ltd
- Action: Attachment of bank accounts and demat accounts
- Legal Authority: SEBI recovery and enforcement provisions
Regulatory Changes
No new regulatory changes. This notice represents enforcement action under existing SEBI recovery framework for defaulters.
Compliance Requirements
- Banks and depositories must comply with the attachment order and freeze specified accounts
- The defaulter entity (Ashworth Constructions Pvt Ltd) cannot operate the attached accounts until further orders
- Financial institutions must report account balances and holdings to SEBI
- All transactions in attached accounts are prohibited except as directed by SEBI
Important Dates
- October 17, 2025: Date of attachment notice issuance
- Attachment effective immediately upon receipt by banks/depositories
Impact Assessment
Entity Impact: Severe impact on Ashworth Constructions Pvt Ltd with complete freeze on bank and demat accounts affecting business operations and asset liquidity.
Market Impact: Minimal direct market impact as this affects a private limited company. However, it demonstrates SEBI’s continued enforcement against defaulters in recovery matters.
Investor Impact: No direct impact on general investors. This action is specific to the defaulter entity and related recovery proceedings.
Precedent Value: Reinforces SEBI’s authority and willingness to use attachment powers for recovery of dues from defaulting entities.
Impact Justification
High severity enforcement action affecting defaulter entity under recovery proceedings. Medium importance as it impacts a specific private company rather than broader market participants.