Sebi Warns Public Against HBN Dairies Assets Amid Supreme Court Order

Markets regulator Sebi has warned the public against dealing in properties of HBN Dairies & Allied Ltd following a Supreme Court order. The court has authorized Sebi to sell HBN's assets with the liquidator's involvement. The sale must be completed before the next hearing on September 9.

The Securities and Exchange Board of India (Sebi) has issued a stern warning to the public against engaging with any properties belonging to HBN Dairies & Allied Ltd. This caution follows a Supreme Court order dated May 14, 2024, granting Sebi the authority to sell the assets of HBN.

In compliance with the Supreme Court's directive, Sebi has commenced the process of selling HBN's assets along with its directors—Harminder Singh Sran, Amardeep Singh Sran, Manjeet Kaur, and Jasbeer Kaur. The sale is set to be completed before the next court hearing on September 9.

The public is advised to refrain from purchasing or dealing in any properties involving HBN, its directors, or any affiliates, to avoid legal complications. This warning is aimed at ensuring compliance with securities market laws and the ongoing recovery proceedings.