Description
SEBI issues attachment notices for bank and demat accounts of Rahul Kumar (PAN: AULPR4789A) under Recovery Certificate No. 8520 of 2025 in the matter of Wisec Global Limited.
Summary
SEBI has issued Notice of Attachment (Notices 15115 & 15116 of 2025) dated December 22, 2025 against Rahul Kumar (PAN: AULPR4789A) who has been identified as a defaulter in the matter of Wisec Global Limited. The attachment covers both bank accounts and demat accounts under Recovery Certificate No. 8520 of 2025.
Key Points
- Defaulter: Rahul Kumar (PAN: AULPR4789A)
- Related Entity: Wisec Global Limited
- Recovery Certificate No.: 8520 of 2025
- Notice Numbers: 15115 and 15116 of 2025
- Notice Date: December 22, 2025
- Action Type: Attachment of Bank Accounts and Demat Accounts
Regulatory Changes
No new regulatory framework changes. This is an enforcement action under existing SEBI recovery proceedings framework.
Compliance Requirements
- Banks and depository participants are required to freeze/attach the specified accounts of Rahul Kumar
- The defaulter must comply with recovery proceedings and settlement of dues
- Financial institutions must honor the attachment notices as per SEBI directions
Important Dates
- Notice Date: December 22, 2025
- Recovery Certificate issued: 2025 (RC No. 8520/2025)
Impact Assessment
Market Impact: High - Enforcement actions against defaulters in listed company matters impact investor confidence and highlight regulatory oversight.
Investor Impact: High - Investors in Wisec Global Limited and related parties should be aware of ongoing recovery proceedings.
Operational Impact: High - The defaulter’s bank and demat accounts are frozen, restricting financial transactions until resolution of the matter.
Regulatory Significance: This action demonstrates SEBI’s commitment to recovering dues from defaulters and protecting market integrity through stringent enforcement measures.
Impact Justification
Enforcement action involving attachment of financial accounts for recovery proceedings indicates serious regulatory non-compliance and potential investor impact