Markets regulator Sebi today ordered the releasing of bank and demat accounts of Monika Impex and Traders after it recovered dues pending worth over Rs 2 crore.
The dues include interests, all costs, charges and expenses.
The watchdog had earlier ordered attachment of bank and demat accounts of the company to recover the penalties imposed for violation of capital market norms.
In an order passed today, Securities and Exchange Board of India (Sebi) said it has recovered Rs 2,27,70,315 from Monika Impex and Traders towards full and final settlement of dues.
Stating that it had collected the recovery amount from the defaulter, Sebi directed banks and depositories to defreeze the accounts of the entity.
Sebi has "directed to release the bank accounts/ lockers/ demat accounts of the defaulter attached, if any, pursuant to the notice of attachment".
The markets 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.
