Description
SEBI issues cancellation order for Recovery Certificate No. 2917 of 2020 against Ilesh Madhusudan Patel in the matter of M/s Kuber Udyog Limited.
Summary
SEBI has issued a cancellation order for Recovery Certificate No. 2917 of 2020 against Ilesh Madhusudan Patel in connection with M/s Kuber Udyog Limited. This order indicates the resolution of enforcement proceedings that were previously initiated.
Key Points
- Recovery Certificate No. 2917 of 2020 has been cancelled
- Order pertains to Ilesh Madhusudan Patel
- Related to M/s Kuber Udyog Limited matter
- Represents completion of enforcement action
Regulatory Changes
No new regulatory changes introduced. This is an administrative order cancelling a previously issued recovery certificate.
Compliance Requirements
The cancellation order concludes the specific enforcement action. No additional compliance requirements are imposed through this order.
Important Dates
- Order Date: July 31, 2025
- Original Recovery Certificate: 2917 of 2020
Impact Assessment
The cancellation of the recovery certificate has minimal market impact as it represents the conclusion of an enforcement matter rather than the initiation of new regulatory action. This indicates resolution of the underlying compliance issues.
Impact Justification
Recovery certificate cancellation indicates resolution of enforcement action but has limited market impact