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Sebi orders release of bank, demat accounts of 4 individuals

Press Trust of India  |  New Delhi 

Markets regulator has ordered the release of and demat accounts of four individuals after recovering dues of nearly Rs 47 lakh.

According to five separate orders, the Securities and Exchange Board of (Sebi) has recovered dues of Rs 12.55 lakh and Rs 12.82 lakh from Tarun V Shah; Rs 12.82 lakh from Viral C Shah; Rs 8.04 lakh from and Rs 54,419 from Prakash Todankar.

Last month it had ordered the attachment of and demat accounts as well as mutual fund folios of the individuals to recover the dues.

The banks, depositories -- (National Securities Depository Ltd) and (Central Depository Services Ltd) -- and are directed to release the and demat accounts, lockers and mutual fund folios of the individuals, said in the orders.

Apart from Doshi, the amount recovered by from rest of the three individuals includes "interest and cost towards full and final settlement".

Doshi has also given a security of 1,000 shares of Godrej Properties against the balance payment due, Sebi said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, January 09 2018. 22:05 IST