Markets regulator Sebi has ordered the attachment of bank accounts as well as shares and mutual fund holdings of Arun Panchariya to recover dues totalling over ₹26 crore.
The penalty was imposed on Arun Panchariya for manipulation in the issuance of global depository receipts (GDRs) of Hiran Orgochem Ltd.
In an attachment notice on Monday, the markets watchdog has ordered attachment of bank as well as demat accounts of Panchariya to recover the pending dues.