Description

SEBI issues notices of attachment of bank accounts and demat accounts against Mr. Omprakash Basantlal Goenka, Mr. Prakash Ganpat Utekar, Mr. Venkatraman Natrajan and Mr. Narayan Shivram Kotnis in connection with proceedings related to Royal Twinkle Star Club Private Limited.

Summary

SEBI has issued notices of attachment dated November 6, 2025, under Recovery Certificate No. 8927 of 2025 against four individuals - Mr. Omprakash Basantlal Goenka, Mr. Prakash Ganpat Utekar, Mr. Venkatraman Natrajan, and Mr. Narayan Shivram Kotnis. These notices pertain to proceedings in the matter of Royal Twinkle Star Club Private Limited and involve attachment of bank accounts and demat accounts.

Key Points

  • Four individuals named in attachment proceedings: Mr. Omprakash Basantlal Goenka, Mr. Prakash Ganpat Utekar, Mr. Venkatraman Natrajan, and Mr. Narayan Shivram Kotnis
  • Notices issued under Recovery Certificate No. 8927 of 2025
  • Related to Royal Twinkle Star Club Private Limited matter
  • Attachment covers both bank accounts and demat accounts
  • Notices dated November 6, 2025

Regulatory Changes

No new regulatory changes introduced. This is an enforcement action under existing SEBI recovery proceedings framework.

Compliance Requirements

  • Banks and depositories are required to comply with the attachment notices
  • Named individuals’ bank accounts and demat accounts are subject to attachment
  • Financial institutions must freeze/restrict operations on attached accounts as per the notices

Important Dates

  • November 6, 2025: Date of issuance of attachment notices

Impact Assessment

For Named Individuals:

  • High impact - bank and demat accounts subject to attachment
  • Restrictions on accessing funds and securities in attached accounts
  • Part of SEBI’s recovery proceedings under RC No. 8927 of 2025

For Financial Institutions:

  • Banks and depositories must comply with attachment orders
  • Need to identify and freeze relevant accounts belonging to the named individuals

For Market:

  • Limited direct market impact as this is specific to four individuals
  • Demonstrates SEBI’s continued enforcement and recovery actions

Impact Justification

High severity enforcement action involving attachment of bank and demat accounts of four individuals. Medium importance as it affects specific individuals rather than broad market participants, but high impact on the named entities.