Description
SEBI recovery certificate issued against Vikrant Kayan (PAN: AFJPK8437M) in connection with Newever Trade Wings Ltd proceedings.
Summary
SEBI has issued Recovery Certificate No. RC8806 of 2025 under A.P. Nos. 14814 and 14815 of 2025 against Vikrant Kayan (PAN: AFJPK8437M) in the matter of Newever Trade Wings Ltd. This represents enforcement action for recovery of dues.
Key Points
- Recovery Certificate No. RC8806 of 2025 issued
- Adjudication Proceedings Nos. 14814 and 14815 of 2025
- Individual: Vikrant Kayan (PAN: AFJPK8437M)
- Related entity: Newever Trade Wings Ltd
- Enforcement action for dues recovery
Regulatory Changes
No regulatory changes introduced by this certificate.
Compliance Requirements
- Subject individual must comply with recovery proceedings
- Payment of dues as determined in the adjudication proceedings
- Cooperation with recovery authorities
Important Dates
- Certificate issued: August 2025
- Related to A.P. Nos. 14814 and 14815 of 2025
Impact Assessment
Limited market impact as this is an individual enforcement action. The certificate facilitates recovery of dues from the specified individual in connection with Newever Trade Wings Ltd. This is part of SEBI’s ongoing enforcement activities to ensure compliance and recover outstanding amounts.
Impact Justification
Individual recovery certificate with limited market impact