Description

SEBI has initiated attachment proceedings (A.P. No. 15364 of 2026) under Recovery Certificate No. RC8242 of 2024 against Podium Market Research, a proprietary firm of Suman Kumar (PAN: AMCPK0541Q), to recover outstanding dues.

Summary

SEBI has initiated Attachment Proceedings (A.P. No. 15364 of 2026) under Recovery Certificate No. RC8242 of 2024 issued against Podium Market Research, a proprietary concern of Suman Kumar (PAN: AMCPK0541Q). This document forms part of SEBI’s enforcement machinery to recover outstanding dues from the defaulter through attachment of assets.

Key Points

  • Recovery Certificate No. RC8242 of 2024 was issued against Podium Market Research (Prop. Suman Kumar), PAN: AMCPK0541Q
  • Attachment Proceedings No. 15364 of 2026 have been initiated under the said recovery certificate
  • The proceedings are directed against Suman Kumar, the sole proprietor of Podium Market Research
  • SEBI is exercising its powers under the SEBI Act for recovery of dues
  • The document is published under SEBI’s enforcement/recovery proceedings section

Regulatory Changes

No new regulatory changes. This is an enforcement action under existing SEBI recovery and attachment proceedings framework, pursuant to powers granted under the Securities and Exchange Board of India Act, 1992.

Compliance Requirements

  • Podium Market Research (Prop. Suman Kumar) is required to comply with the attachment proceedings
  • Any third parties holding assets of the named defaulter may be required to respond to the attachment notice
  • Failure to comply with the recovery proceedings can result in further coercive action by SEBI

Important Dates

  • Recovery Certificate No. RC8242 issued: 2024
  • Attachment Proceedings No. 15364 initiated: 2026
  • Document published: May 2026

Impact Assessment

This enforcement action is limited in scope and affects only Podium Market Research and its proprietor Suman Kumar. There is no broader market or investor impact. The action signals SEBI’s continued pursuit of outstanding recovery dues from non-compliant entities in the securities market. Investors and market participants are not directly affected by this proceeding.

Impact Justification

This is a SEBI enforcement/recovery action against a specific individual entity (Podium Market Research). It has no broad market impact and affects only the named party and their creditors/associates.