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Sebi orders release of Triumph Int'l Finance India's accounts

Press Trust of India  |  New Delhi 

Markets regulator today ordered the release of and demat accounts of Triumph International after the firm paid the pending dues amounting to Rs 17.76 lakh.

The banks, depositories -- NSDL and CDSL -- and mutual funds are directed to "release the accounts/ lockers/ demat accounts/ mutual fund folios" of India, said in an order.

The ruling of the Securities and Exchange Board of (Sebi) has come after the firm paid the pending dues.

Last month, had ordered the attachment of and demat accounts and the mutual fund folios of the firm.

Sebi's attachment ruling had come after the company failed to pay a fine imposed on it by the regulator in April 2003 for violating securities regulation in the matter of International.

The pending dues against the firm included an initial fine of Rs 6.50 lakh, a 12 per cent per annum interest on it from April 2003 till September 2017, amounting to Rs 11,25,337 and a recovery cost of Rs 1,000.

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

First Published: Thu, October 12 2017. 20:42 IST