Regulatory Alerts2026-06-15
Added · Updated
SEBI Notice of Attachment of Bank Account for Tavarya Trade-Link Private Limited
The Securities and Exchange Board of India issued a recovery notice to Indian banks to attach the bank accounts of Tavarya Trade-Link Private Limited to recover Rs. 5,31,000 in penalties and costs. The order prohibits any debits from the defaulter's accounts up to the total dues amount while allowing credits, citing powers under the SEBI Act and Income Tax Act. Banks are directed to immediately provide account details, statements, and confirmation of attachment to the SEBI Recovery Officer in Kolkata.
[SEBI Logo] भारतीय प्रतिभूति और विनिमय बोर्ड Securities and Exchange Board of India
GENERAL MANAGER & RECOVERY OFFICER RECOVERY CELL EASTERN REGIONAL OFFICE
Tel: 033-23023000 E-mail: recoveryero@sebi.gov.in
Notice of Attachment of Bank Account
Attachment Proceeding No.15460 of 2026 Certificate No. 9082 of 2026
The Principal Officer/ Chairman & Managing Director/ CEO, All the Banks in India
- Whereas a Recovery Certificate No. 9082 of 2026 dated April 08, 2026, has been drawn up by the Recovery Officer in the above proceedings for recovery of a sum of Rs. 5,31,000/- (Rupees Five Lakh Thirty-One Thousand Only), as detailed below along with further interest, all costs, charges and expenses etc., against Tavarya Trade-Link Private Limited (PAN: AACCT5851H) ["Defaulter"] and the same is due from them in respect of the said certificate. A Notice of Demand dated April 08, 2026 has been issued to the above named.
| Description of Dues | Amount (Rs.) |
|---|---|
| Penalty imposed by the Adjudicating Officer vide Order No. Order/AK/GN/2025-26/31820 dated November 28, 2025 against Tavarya Trade-Link Private Limited (PAN: AACCT5851H) in the matter of Illiquid Stock Options | 5,00,000/- |
| Interest from 28/11/2025 to 08/04/2026 @ 1% p.m. | 30,000/- |
| Recovery Cost | 1,000/- |
| Total | 5,31,000/- |
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And whereas, there is sufficient reason to believe that the defaulter may dispose of the amounts/proceeds in the Bank accounts held with your Bank and realization of amount due under the certificate would in consequence be delayed or obstructed.
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It is, therefore, in exercise of powers conferred on me, I hereby order to attach the following with immediate effect to the extent of above said dues:
i. All account/s by whatever name called including lockers of the Defaulter, either singly or jointly with any other person/s, held with your Bank; and
ii. All other amount/ proceeds due or may become due to the Defaulter or any money held or may subsequently hold for or on account of the Defaulter.
Page 1 of 2 [SEBI Seal]
पूर्वी प्रादेशिक कार्यालय : एल एण्ड टी चेम्बर्स, तीसरी मंजिल, १६ केमक स्ट्रीट, कोलकाता - ७०००१७, पश्चिम बंगाल Eastern Regional Office : L & T Chambers, 3rd Floor, 16, Camac Street, Kolkata - 700017, West Bengal www.sebi.gov.in | +91-33-23023000
[SEBI Logo] भारतीय प्रतिभूति और विनिमय बोर्ड Securities and Exchange Board of India
अनुवर्ती: Continuation:
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It is further ordered with immediate effect that NO Debit shall be made in the said account/s to the extent of the total dues mentioned above until further orders from the Recovery Officer of SEBI. However, the credits, if any, into the account may be allowed.
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You are hereby directed to provide the following immediately to the undersigned on service of this Notice:
i. Details of all the Accounts including Lockers held by the defaulter with your Bank, ii. Copy of the Account Statement/s for the latest one year in respect of all the Accounts; iii. Confirmation of Attachment of the said account/s; iv. Complete details of all loan/ advances accounts along with the details of assets charged for the said loan/advances.
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If the defaulter is not having any type of account with your bank/not having any balance in the account of the defaulter, the same shall be also informed on the email: recoveryero@sebi.gov.in.
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This Notice of attachment is issued in exercise of powers conferred under Section 28A(1), 11(2)(ia) of SEBI Act, 1992 r/w Section 226 and the Second Schedule of the Income Tax Act, 1961.
Given under my hand and seal at Kolkata this 15th day of June, 2026.
SEAL [SEBI Seal]
Mitrajeet Dey. RECOVERY OFFICER मित्रजीत दे / Mitrajeet Dey बसुली अधिकारी एवं सहायक प्रबंधक Recovery Officer & General Manager भारतीय प्रतिभूति और विनिमय बोर्ड Securities and Exchange Board of India कोलकाता / Kolkata
Copy to: Tavarya Trade-Link Private Limited Address: 7C, Kiran Shankar Roy Road, Hasting Chamber Basement, Kolkata, West Bengal - 700001 E-mail: Accounts.lpa@gmail.com
With a direction not to receive/ recover/ demand the proceeds/ money held / to be held in the aforesaid accounts.
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