Description
SEBI issues notices of attachment (14990 and 14991 of 2025) against Pawan Kumar Verma (PAN: AEKPV3608M) for recovery under RC No. 8013 of 2024 in ISO matter at BSE.
Summary
SEBI has issued Notice of Attachment of Bank Accounts and Demat Accounts (Notices 14990 and 14991 of 2025) dated November 03, 2025, against Pawan Kumar Verma (PAN: AEKPV3608M) as a defaulter in the matter of Illegal Screen-based Order (ISO) trading at BSE under Recovery Certificate No. 8013 of 2024.
Key Points
- Defaulter: Pawan Kumar Verma (PAN: AEKPV3608M)
- Notice Numbers: 14990 and 14991 of 2025
- Notice Date: November 03, 2025
- Recovery Certificate: No. 8013 of 2024
- Matter: Illegal Screen-based Order (ISO) trading at BSE
- Action: Attachment of bank accounts and demat accounts
Regulatory Changes
No regulatory framework changes. This is an enforcement action under existing recovery mechanisms.
Compliance Requirements
- Banks and depositories are required to comply with the attachment notices
- The defaulter’s accounts are subject to attachment until recovery is completed
- Financial institutions must freeze the specified accounts as per SEBI directions
Important Dates
- Notice Date: November 03, 2025
- Recovery proceedings under RC No. 8013 of 2024
Impact Assessment
Direct Impact: High impact on the defaulter (Pawan Kumar Verma) whose bank and demat accounts are attached for recovery purposes.
Market Impact: Minimal broader market impact as this is an individual enforcement action. However, it demonstrates SEBI’s continued vigilance against illegal screen-based order trading and reinforces the regulatory framework for market discipline.
Precedential Value: Serves as a deterrent for market participants engaging in ISO violations or other market irregularities at stock exchanges.
Impact Justification
Enforcement action against individual defaulter; high severity for affected party but limited broader market impact