Order for Remittance of Attached Amount – Recovery Certificate No. 9174 of 2026

Last updated: 19 August 2026

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This order directs all banks and mutual funds in India to remit funds from the accounts of Amit Kumar Agarwal HUF. The defaulter owes Rs. 5,41,000 as per Recovery Certificate No. 9174 of 2026. Funds should be transferred immediately to SEBI via EFT/NEFT/RTGS to the specified ICICI Bank account, with remittance details to be emailed.

Order for Remittance of attached amount

Attachment Proceeding Nos. 15562 & 15563 of 2026
Recovery Certificate No. 9174 of 2026

To,
The Principal Officer / Chairman & Managing Director / CEO
All Banks and Mutual Funds in India

1.It may be recalled that the Recovery Officer vide the subject attachment proceedings in Recovery Certificate No. 9174 of 2026 had directed attachment of Bank accounts, Demat Accounts and Mutual Fund folios of Amit Kumar Agarwal HUF ["Defaulter"] [PAN: AAIHA6110R] against the total dues of Rs.5,31,000.00/- (Rupees Five Lakh and Thirty One Thousand Only) with further interest, all costs, charges and expenses, etc.

2.Whereas, Notice of Demand dated 29.06.2026 has been sent to Defaulter and Notice of Attachment of Bank Account, Demat Account and Mutual Funds dated 17.07.2026 has been issued to you.

3.Whereas the current liabilities/dues from the Defaulter as on date is an amount of Rs. 5,41,000.00/- (Rupees Five Lakh and Forty-One Thousand Only).

4.Accordingly, you are hereby directed to remit the amount to the extent of dues mentioned in para 3 above lying in the account of the Defaulter with your Bank/ redeem the units in the folios held by the Defaulter with your Mutual Fund to the extent of dues mentioned in para 3 above, forthwith to SEBI by way of direct credit through EFT/NEFT/RTGS to A/c No. SEBIRDPEN9174 of ICICI Bank, IFSC Code: ICIC0000106 immediately and intimate the remittance details by email to dharma@sebi.gov.in / recoveryrd4@sebi.gov.in in the format as given in table below:
Case Name and Recovery Certificate Number :

Name of Payee :
Date of Payment:
Amount Paid :
Transaction No. :
Bank Details from which payment is made:

5.If the defaulter is not having any type of account/folios with you, the same need not be informed to SEBI.

6.This direction is issued in exercise of powers conferred under section 28A of the SEBI Act, 1992 as amended by the Securities Laws (Amendment) Act, 2014 under section 220 to 227, 228A, 229, 232, the Second and Third Schedules to the Income-tax Act 1961 (43 of 1961) and the Income-tax (Certificate Proceedings) Rules, 1962 of the Income-tax Rules.

Given under my hand and seal at Mumbai on this 18ᵗʰ day of August, 2026.

FAQ :

The order directs banks and mutual funds to remit attached funds from the accounts of Amit Kumar Agarwal HUF to SEBI, towards recovery of dues.

The defaulter is Amit Kumar Agarwal HUF, with outstanding dues of Rs. 5,41,000 as per Recovery Certificate No. 9174 of 2026.

Bank accounts, Demat accounts, and Mutual Fund folios belonging to Amit Kumar Agarwal HUF are subject to attachment.

Remittance should be made by direct credit through EFT/NEFT/RTGS to the specified SEBI account at ICICI Bank.

The account number is SEBIRDPEN9174, and the IFSC Code is ICIC0000106 at ICICI Bank.

Remittance details, including case name, recovery certificate number, payee name, date, amount, transaction number, and bank details, must be emailed to dharma@sebi.gov.in or recoveryrd4@sebi.gov.in.