Capital market regulator Sebi today ordered defreezing of bank and securities accounts of two individuals after recovering pending dues totaling worth over Rs 23 lakh.
The Securities and Exchange Board of India (Sebi), in separate orders, has directed releasing the bank and demat accounts of Dimple Shah and Umesh Khariwala after they paid Rs 2.6 lakh and Rs 21 lakh, respectively.
The dues included interests, all costs, charges and expenses.
Sebi had earlier attached the banks as well as demat accounts of these individuals after they failed to pay penalties imposed on them for violating capital markets norm.
The market regulator has been given powers to attach properties and bank accounts, among other things, of persons and entities which have failed to comply with directions involving payment of penalties and other dues.
In addition, it had also directed the banks to provide details of all the accounts of these individuals.
