Major Financial Blow: SEBI Issues ₹10.4 Crore Recovery Notice Against Trdez Investment Private Limited
In a significant enforcement action, the Securities and Exchange Board of India (SEBI) has issued a formal Notice of Demand seeking recovery from Trdez Investment Private Limited. The notice specifies total dues amounting to ₹1,04,01,000/-, stemming from proceedings related to Certificate No. RC 9194 of 2026.This action underscores SEBI's strict regulatory oversight concerning non-compliance by entities in the financial markets. The demand notice was officially issued on July 3, 2026, targeting Trdez Investment Private Limited (PAN: AAJCT5451G).
Breakdown of Recovery Dues and Penalty Imposed
The total sum demanded includes a combination of penalties, interest accumulation, and recovery costs. A penalty of ₹1,00,00,000/- was imposed on Trdez Investment Private Limited as per an Order issued by the AO vide Order No/JS/YK/2026-27/32335 dated April 9, 2026.A substantial portion of the demand relates to accrued interest. A total of ₹4,00,000/- has been calculated for interest at a rate of 1% per month, covering the period from April 2026 to July 2026. The remaining recovery cost stands at ₹1,000/-, bringing the aggregate amount to the demanded figure.
Severe Consequences of Non-Compliance
The notice clearly outlines severe remedial actions in the event of non-payment within 15 days. Failure to remit the total outstanding amount exposes the company to aggressive enforcement measures by SEBI.These mandated recovery modes include the attachment and subsequent sale of movable property. Furthermore, SEBI holds the power to attach bank accounts or proceed with the attachment and sale of immovable properties owned by Trdez Investment Private Limited. In extreme cases, arrest and detention in prison are listed as potential remedies.
Operational Restrictions on Property Transfers
Beyond the financial penalties, the notice imposes strict limitations on the operational activities of Trdez Investment Private Limited. As per Explanation 1 to section 28A of the SEBI Act, any transfer of property made after April 9, 2026, without adequate consideration, will be deemed forfeit for recovery purposes.Crucially, the company is advised that it is not competent to mortgage, charge, or lease any property belonging to it upon service of this notice. Any such unauthorized transaction would be considered void according to Rule 16 of the Second Schedule to the Income-tax Act, 1961 read with SEBI regulations.
The recovery process details payment methods including EFT/NEFT/RTGS through a specified ICICI Bank account. The notice mandates that any successful e-payment must be confirmed and forwarded to the designated Recovery Officer for proper accounting against the outstanding dues.
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