Description
SEBI issues notices of attachment (14950 & 14951 of 2025) for bank and demat accounts of SHRAWAN (PAN: KVSPS2783B) under Recovery Certificate No. 8333 of 2024 in the matter of Superior Finlease Ltd.
Summary
SEBI has issued Notice of Attachment for bank accounts and demat accounts (Notice Nos. 14950 & 14951 of 2025 dated October 17, 2025) against SHRAWAN (PAN: KVSPS2783B), who is a defaulter in the matter of Superior Finlease Ltd. This action is being taken under Recovery Certificate No. 8333 of 2024 to recover outstanding dues.
Key Points
- Attachment notices issued against SHRAWAN (PAN: KVSPS2783B)
- Notice Numbers: 14950 & 14951 of 2025
- Date of Notice: October 17, 2025
- Recovery Certificate: No. 8333 of 2024
- Entity involved: Superior Finlease Ltd
- Action covers both bank accounts and demat accounts
Regulatory Changes
No regulatory changes introduced. This is an enforcement action under existing SEBI recovery procedures.
Compliance Requirements
- Banks and depository participants are required to comply with the attachment notices
- The defaulter’s accounts will be frozen/attached as per SEBI’s directions
- Financial institutions must prevent any transactions in the attached accounts
Important Dates
- October 17, 2025: Date of attachment notices
- Recovery proceedings initiated under Certificate No. 8333 of 2024
Impact Assessment
Market Impact: Negligible - This is an individual enforcement action with no broader market implications.
Operational Impact: Limited to the specific defaulter and financial institutions holding their accounts. Banks and depositories must comply with attachment orders.
Investor Impact: None for general investors. This affects only the named defaulter (SHRAWAN) who has outstanding dues in the Superior Finlease Ltd matter.
Impact Justification
This is an enforcement action against a specific individual defaulter. While severe for the affected party, it has minimal market-wide impact and affects no listed stocks.