Description
SEBI completion order for recovery certificate in matter of trading violations by Arpita Ilesh Patel related to Econo Trade (India) Ltd.
Summary
SEBI has issued a completion order for Recovery Certificate No. 8223 of 2024 against Arpita Ilesh Patel in connection with trading violations related to the scrip of Econo Trade (India) Ltd. This order signifies the successful completion of recovery proceedings.
Key Points
- Recovery Certificate No. 8223 of 2024 has been completed
- Case involves Arpita Ilesh Patel
- Related to trading activities in Econo Trade (India) Ltd scrip
- Completion order indicates successful recovery of dues/penalties
Regulatory Changes
No new regulatory changes introduced. This is an enforcement action completion.
Compliance Requirements
- Recovery proceedings have been completed as per the order
- All dues and penalties have been recovered from the defaulter
- Case is now closed from recovery perspective
Important Dates
- Order Date: August 1, 2025
- Recovery Certificate No: 8223 of 2024
Impact Assessment
This completion order has limited market impact as it represents the closure of enforcement proceedings. It demonstrates SEBI’s effectiveness in recovering dues from market violations and serves as a deterrent for similar trading infractions.
Impact Justification
Completion order indicates successful recovery proceedings against trading violations