Description
SEBI issues notice of attachment under Recovery Certificate No. 8965 of 2025 dated 03.12.2025 against Arvind Kashmirilal Punjabi (PAN- AUQPP7247L) in the matter of dealing in Illiquid Stocks Options at BSE.
Summary
SEBI has issued a Notice of Attachment dated January 6, 2026 under Recovery Certificate No. 8965 of 2025 (dated December 3, 2025) against Arvind Kashmirilal Punjabi (PAN: AUQPP7247L). This enforcement action relates to dealings in illiquid stocks options at BSE. The notice was generated by RAVINDRA B PARKAR, Assistant General Manager (RRD-DIV2) from SEBI Head Office, Mumbai.
Key Points
- Recovery Certificate Number: 8965 of 2025
- Recovery Certificate Date: December 3, 2025
- Notice of Attachment Date: January 6, 2026
- Defaulter: Arvind Kashmirilal Punjabi
- PAN: AUQPP7247L
- Matter: Dealing in Illiquid Stocks Options at BSE
- File Reference: HO/18/12/13(59)2025-EFD1-DRA-6 (Computer No. 5182)
- Issuing Authority: SEBI-HO-Mumbai, RRD-DIV2
Regulatory Changes
No regulatory changes. This is an enforcement action under existing recovery procedures.
Compliance Requirements
This notice pertains to recovery proceedings against the named individual. Banks and depositories are typically required to comply with attachment orders by freezing specified accounts and assets of the defaulter.
Important Dates
- December 3, 2025: Recovery Certificate No. 8965 of 2025 issued
- January 6, 2026: Notice of Attachment issued
Impact Assessment
Market Impact: Negligible. This is an individual enforcement action with no broader market implications.
Operational Impact: Limited to the defaulter and their financial institutions. The attachment notice requires cooperation from banks and depositories to freeze assets for recovery of dues in the illiquid stocks options matter.
Impact Justification
Entity-specific enforcement action against individual defaulter with limited market-wide impact