sebi:WTM/AS/IVD/1/2025-26
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Application for unfreezing rejected except limited relief; employees' gratuity savings account and singly-held accounts of non-party unfrozen; all other unfreezing made conditional on deposit of impounded gains in Escrow/Savings Account with lien in favour of SEBI
Provisions invoked
- s. 19
Parties
- Noticee No. 8
- Noticee No. 9
- Noticee No. 10
Holding
The WTM refused to unfreeze the Applicants' bank accounts and locker on the basis of demat holdings exceeding the impounded amount, and directed that only the employees' gratuity savings account (Account No. 8301047398) for gratuity use and bank accounts held singly and exclusively by non-party Mr. Deepanshu Sureka be unfrozen, with all other unfreezing conditional on depositing the impounded unlawful gains in an Escrow/Savings Account with lien marked in favour of SEBI.
Full text
_______________________________________________________________________ Order in respect of the representation filed by Mr. Navneet Kumar Sureka and others
_______________________________________________________________________ Order in respect of the representation filed by Mr. Navneet Kumar Sureka and others
_______________________________________________________________________ Order in respect of the representation filed by Mr. Navneet Kumar Sureka and others
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:WTM/AS/IVD/1/2025-26. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.