Description

SEBI releases the freeze on bank accounts, demat accounts, and mutual fund folios of Priti Rajesh Katira (PAN: ADHPK0999A) upon compliance with Recovery Certificate No. 8512 of 2025, arising from trading in illiquid stock options at BSE.

Summary

SEBI has issued a Release Order in respect of Recovery Certificate No. 8512 of 2025 against Priti Rajesh Katira (PAN: ADHPK0999A). The release covers bank accounts, demat accounts, and mutual fund folios that were previously frozen or attached in connection with enforcement proceedings related to trading in illiquid stock options at BSE. The release signifies that the individual has complied with the recovery demands set out in the certificate.

Key Points

  • Recovery Certificate No. 8512 of 2025 was issued against Priti Rajesh Katira (PAN: ADHPK0999A)
  • The underlying matter involves trading in illiquid stock options at BSE
  • SEBI has now issued a Release Order lifting the freeze/attachment on bank accounts, demat accounts, and mutual fund folios
  • The release indicates compliance by the noticee with the terms of the recovery certificate
  • A companion order (circular ID: 71fbdd98b479973a) addresses release of property attached via Prohibitory Order dated July 21, 2025

Regulatory Changes

No new regulatory changes. This is an administrative enforcement action specific to an individual noticee.

Compliance Requirements

  • No action required from market participants or intermediaries generally
  • Banks, depositories, and mutual funds holding accounts/folios of Priti Rajesh Katira (PAN: ADHPK0999A) should lift any freeze or lien placed pursuant to earlier SEBI directions under Recovery Certificate No. 8512 of 2025

Important Dates

  • Recovery Certificate No. 8512 of 2025: issued in 2025
  • Prohibitory Order on property: July 21, 2025
  • Release Order date: February 24, 2026

Impact Assessment

The impact is limited to the individual noticee (Priti Rajesh Katira) and the specific financial institutions holding her accounts. There is no broader market or regulatory impact. The order reflects the conclusion of recovery proceedings for this individual in the matter of illiquid stock options trading at BSE.

Impact Justification

This is an administrative release order specific to one individual (Priti Rajesh Katira) following compliance with a recovery certificate. It has no broader market impact and does not set new regulatory precedent.