Most of the properties are in West Bengal.
Recovery proceedings have been initiated against Sun Plant Business, its directors/promoters -- Basant Kumar Sasmal, Amit Kumar Chowdhury and Mahesh Chandra Prasad -- for their failure to pay Rs 5.76 crore along with the money collected from investors till June 3, 2015, Sebi's Recovery Officer Manjesh S Roy said in an order.
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On October 28, notices were issued to the defaulters demanding them to pay the dues. However, the defaulters failed to pay the dues and did not respond to the notices, the order said.
"The funds available in the bank accounts and the securities available in the demat accounts of the defaulters are not sufficient for recovery of the dues," it added.
The regulator has prohibited the entities from taking any benefit by way of disposal, transfer, alienation or charge in respect of the properties. They have also been asked to provide full details of all their movable and immovable properties.
Sebi has powers to attach properties and bank accounts, among other things, of persons and entities that have failed to comply with directions involving payment of penalties and other dues.