SEBI Order for Compliance - Release Order for Recovery Certificate No. 2869 of 2020 against Ilesh Madhusudan Patel in the matter of Kushal Tradelink Ltd.

Published: July 31, 2025

Processed: August 4, 2025

SEBI Compliance KUSHALTL recovery-certificate release-order

PDF Document

If the PDF doesn't display, click here to view it in a new tab ↗

Description

SEBI issues release order for Recovery Certificate No. 2869 of 2020 against Ilesh Madhusudan Patel in connection with Kushal Tradelink Ltd.

Summary

SEBI has issued a release order for Recovery Certificate No. 2869 of 2020 against Ilesh Madhusudan Patel in the matter of Kushal Tradelink Ltd. This order appears to conclude enforcement proceedings related to the recovery certificate.

Key Points

Release order issued for Recovery Certificate No. 2869 of 2020
Order pertains to Ilesh Madhusudan Patel
Connected to matter involving Kushal Tradelink Ltd.
Order dated July 31, 2025

Regulatory Changes

No specific regulatory changes mentioned in this enforcement order.

Compliance Requirements

This appears to be a resolution of existing compliance matters rather than imposing new requirements.

Important Dates

Order Date: July 31, 2025
Original Recovery Certificate: 2869 of 2020

Impact Assessment

Limited market impact as this appears to be the conclusion of enforcement proceedings through a release order. The order likely resolves outstanding compliance matters related to the original recovery certificate from 2020.

Category	Compliance
Circular ID	`162f32a2f65b4467`
Impact	Low
Severity	Medium
Stocks	KUSHALTL
Tags	recovery-certificate release-order compliance enforcement
Source	SEBI
Links	PDF Document ↗ Original Source ↗ Permalink