Market Regulator SEBI has ordered the attachment of bank accounts as well as shares as well as shares and mutual fund holdings, which was held by Dhiraj Vadhawan and Kapil Vidhavan’s Mutual Fund Holdings by former promoters of Dawan Housing Finance Corp Limited (DHFL) To recover the price of more than 22 lakh rupees. This came when the brothers failed in a case in a case about the lack of disclosure norms after the brothers failed to pay the penalty imposed by the Securities and the Exchange Board of India (SEBI) in July last year. In two separate attachment notices issued on Tuesday, Markets Watchdog has ordered an attachment of Wadhwans banks, demat accounts and mutual fund followers to recover the pending dues.
Each from Wadhwans includes the early penalty, interest and recovery cost in the pending outstanding amount of Rs 10.6 lakh, this couple. In July 2023, the regulator imposed a fine of Rs 10 lakh on Wadhwans, which was the promoter of DHFL (now known as Piramal Finance) to provoke the disclosure criteria. Kapil Wadhavan was the chairman and MD of DHFL, while Dheeraj Wadhavan was a non-executive director of the company. They were both on the board of DHFL.
This order was examined by SEBI in DHFL Pramerika Life Insurance (DLF Pramerika Life Insurance) after the transfer of shares placed by DHFL in its full -owned subsidiary DHFL investment and other related transactions.
The investigation period was from February to March 2017. SEBI saw that the brother was responsible for providing insufficient information in the postal ballot notice by the firm.
According to the attachment notice, SEBI said that it is a sufficient reason to believe that defaulter can dispose of zodiac signs in accounts and securities and “the amount of amount under the certificate will be, result, delay or delay or” Obstacle “.
Accordingly, the regulator asked all banks, deposits and mutual funds not to allow any debit from the account. However, credit is allowed. In January, SEBI sent a demand notice to Pilej and Kapil and asked them to pay Rs 10.6 lakh in each case. In addition, the regulator warned of arrest and attachment of bank accounts along with assets as well as assets when they failed to pay within 15 days.
