Description
SEBI order for attachment of bank accounts and demat accounts of defaulter Yuvika Tradewing LLP (PAN: AABFY4620R) in the matter of Cressanda Solutions Limited under Recovery Certificate No. 8924 of 2025.
Summary
SEBI has issued notices (14994 and 14995 of 2025) for attachment of bank accounts and demat accounts against Yuvika Tradewing LLP (PAN: AABFY4620R), designated as a defaulter in proceedings related to Cressanda Solutions Limited under Recovery Certificate No. 8924 of 2025. This enforcement action is part of SEBI’s recovery proceedings to collect outstanding dues.
Key Points
- Defaulter Entity: Yuvika Tradewing LLP (PAN: AABFY4620R)
- Recovery Certificate No.: 8924 of 2025
- Related Matter: Cressanda Solutions Limited
- Notice Numbers: 14994 and 14995 of 2025
- Action: Attachment of bank accounts and demat accounts
- Date of Notice: November 06, 2025
Regulatory Changes
No new regulatory changes. This is an enforcement action under existing SEBI recovery procedures.
Compliance Requirements
- Banks and depositories must comply with the attachment orders
- The defaulter entity cannot operate the attached accounts until further orders
- All concerned parties must cooperate with SEBI’s recovery proceedings
Important Dates
- Notice Date: November 06, 2025
- Recovery Certificate No.: 8924 of 2025
Impact Assessment
This enforcement action primarily affects Yuvika Tradewing LLP and its ability to access attached bank and demat accounts. The action demonstrates SEBI’s commitment to recovering dues from defaulters in cases involving listed entities like Cressanda Solutions Limited. The broader market impact is limited, but it serves as a deterrent for non-compliance with regulatory obligations.
Impact Justification
Enforcement action against a defaulter entity for recovery of dues. High severity for the affected entity but limited broader market impact.