SEBI Achieves Full Recovery of Debt from Gurumurthi Jayaraman; Bank and Demat Assets Ordered Released
The Securities and Exchange Board of India (SEBI) has issued a decisive order confirming the full recovery of debts owed by individual Gurumurthi Jayaraman. This resolution marks the culmination of proceedings initiated against him regarding defaulted financial obligations, leading to a directive mandating the release of his attached assets.Settlement and Debt Resolution Achieved
The Recovery Officer at SEBI certified that the demand raised in Recovery Certificate No. 8708 of 2025 has been fully settled. This certificate was originally drawn up against Gurumurthi Jayaraman (PAN AADPJ1767C) for a specific sum, including interest and costs associated with the recovery proceedings.The original demand set forth in the certificate included an amount of ₹1,29,01,000/- along with accrued interest and costs. The successful settlement saw SEBI recover a total sum of ₹1,35,92,537/-, covering all outstanding amounts due.
SEBI Directs Release of Financial Assets
In view of the complete recovery, SEBI has issued a formal directive mandating the release of specific financial instruments belonging to Mr. Jayaraman. The order is directed towards all relevant banking institutions and service providers in India.Banks, Post Offices, NSDL, CDSL, and various Mutual Funds are now instructed to release all attached assets. These assets include bank accounts, lockers, demat accounts, and mutual fund folios pertaining to Gurumurthi Jayaraman (PAN AADPJ1767C).
Regulatory Action and Compliance Scope
The procedure involved issuing Notices of Attachments (AP No. 15216 & 15217 of 2026) dating from March 10, 2026. These notices formalized the attachment of the defaulter's accounts across various financial platforms to ensure recovery was maintained.The final order, released on June 8, 2026, specifies that the release of these accounts is directly pursuant to the completed settlement against Recovery Certificate No. 8708 of 2025. The document also notes that this release action remains without prejudice to any other attachment or freeze orders from competent authorities under applicable laws.
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