SEBI Orders Release of Bank, Demat, Post Office Accounts and Mutual Fund Folios of Naresh Kumar in Sadhna Broadcast Matter

Last updated: 28 August 2026
Quick Summary
The Securities and Exchange Board of India (SEBI) has ordered the release of bank accounts, demat accounts, post office accounts, and mutual fund folios belonging to Naresh Kumar. This order follows a directive from the Securities Appellate Tribunal (SAT). The assets were previously attached in connection with proceedings related to Sadhna Broadcast Limited.

Order Releasing Bank, Demat, Post Office Accounts and Mutual Funds Folios of Naresh Kumar in the matter of Sadhna Broadcast Limited.

Attachment Proceeding No. 15733 & 15734 of 2026
Certificate No. 9260 of 2026

The Principal Officer/Chairman/MD/CEO, NSDL and CDSL, Mumbai
All Banks in India
All Mutual Funds of India
Post Master of all the Post Offices in India

1. Whereas Certificate No. 9260 of 2026 dated July 27, 2026 was drawn against Naresh Kumar [Defaulter] (PAN: ASPPK8654F) in the matter of Sadhna Broadcast Limited and a sum Rs. 5,76,000/- (Rupees Five Lakh Seventy-Six Thousands Only) was due under the said certificate along with further interest, all costs, charges and expenses incurred in respect of all the proceedings taken for recovery of the said sum.

2. And whereas Notices of Attachment dated August 20, 2026 under the above proceedings were issued attaching bank, post office, demat accounts/lockers and mutual fund folios of the defaulter.

3. As per the Hon'ble SAT Order dated October 27, 2025 in Appeal No. 397 of 2025 (along with Misc. Application Nos. 949 and 950 of 2025), you are hereby directed to release bank, demat accounts/lockers and Mutual Fund Folio etc. of Naresh Kumar [Defaulter] (PAN: ASPPK8654F) attached, if any, pursuant to the above notice of attachment with immediate effect.

4. This is without prejudice to any other order of attachment or freeze by the competent authority under any law.

Given under my hand and seal at New Delhi this 27th day of August, 2026.

FAQ :

Bank accounts, demat accounts, post office accounts, and mutual fund folios belonging to Naresh Kumar have been ordered for release.

The Securities and Exchange Board of India (SEBI) has issued the order for release.

The release is directed as per an order from the Hon'ble Securities Appellate Tribunal (SAT).

The assets were attached in the matter of Sadhna Broadcast Limited.

The order was given under the hand and seal at New Delhi on August 27, 2026.

Yes, this release is without prejudice to any other order of attachment or freeze by a competent authority under any law.

 
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