Description
SEBI issued notices of attachment (15135 & 15136 of 2026) dated January 02, 2026 against Mr. Rakesh Dhingra (PAN: AAHPD6226A) under Recovery Certificate No. 8968 of 2025 in the matter of inspection of CIG Realty Fund Scheme I, II and IV.
Summary
SEBI has issued two notices of attachment (Notice No. 15135 and 15136 of 2026) dated January 02, 2026 against Mr. Rakesh Dhingra (PAN: AAHPD6226A), who has been declared a defaulter. These notices are issued under Recovery Certificate No. 8968 of 2025 in connection with the inspection of CIG Realty Fund Scheme I, II and IV. The attachment notices target the defaulter’s bank accounts and demat accounts as part of SEBI’s recovery proceedings.
Key Points
- Two attachment notices (15135 & 15136 of 2026) issued on January 02, 2026
- Defaulter: Mr. Rakesh Dhingra (PAN: AAHPD6226A)
- Recovery Certificate No. 8968 of 2025
- Related to inspection of CIG Realty Fund Scheme I, II and IV
- Both bank accounts and demat accounts are subject to attachment
- Enforcement action under SEBI’s recovery proceedings
Regulatory Changes
No new regulatory changes introduced. This is an enforcement action under existing SEBI recovery framework.
Compliance Requirements
- Banks and depositories must comply with the attachment notices
- Mr. Rakesh Dhingra’s accounts (both bank and demat) are frozen under these notices
- Financial institutions holding accounts of the defaulter must not allow any transactions or withdrawals
- Cooperation required from all financial intermediaries in implementing the attachment orders
Important Dates
- January 02, 2026: Date of issuance of attachment notices 15135 & 15136
- Recovery Certificate issued: 2025 (RC No. 8968 of 2025)
Impact Assessment
Individual Impact: High impact on Mr. Rakesh Dhingra as his bank and demat accounts are subject to attachment, restricting his access to funds and securities.
Market Impact: Limited. This is an individual enforcement action with no direct impact on broader market operations or specific listed companies.
Fund Impact: Related to CIG Realty Fund Scheme I, II and IV inspection matter. Investors in these schemes may be indirectly affected depending on the nature of the underlying inspection findings.
Regulatory Significance: Demonstrates SEBI’s continued enforcement and recovery efforts against defaulters in fund-related violations.
Impact Justification
Enforcement action against an individual defaulter in fund inspection matter. High severity for the named individual but limited broader market impact.