Description
SEBI recovery certificate issued against Sumit Popli for non-compliance in the matter of Le Waterina Resorts and Hotels Ltd.
Summary
SEBI has issued Recovery Certificate No. RC8832 of 2025 under A.P. Nos. 14818 and 14819 of 2025 against Sumit Popli (PAN: ANVPP2968A) in the matter of Le Waterina Resorts and Hotels Ltd. This certificate indicates enforcement action for recovery of dues/penalties.
Key Points
- Recovery certificate issued against Sumit Popli (PAN: ANVPP2968A)
- Related to Le Waterina Resorts and Hotels Ltd. matter
- Certificate number: RC8832 of 2025
- Associated with adjudication proceedings A.P. Nos. 14818 and 14819 of 2025
Regulatory Changes
No specific regulatory changes introduced through this recovery certificate.
Compliance Requirements
- Sumit Popli is required to pay the dues as specified in the recovery certificate
- Failure to comply may result in further enforcement measures including attachment of assets
- Certificate enables SEBI to recover amounts through tax recovery mechanisms
Important Dates
- Certificate issued: August 5, 2025
- Recovery proceedings initiated under the mentioned A.P. numbers
Impact Assessment
This recovery certificate has limited market impact as it targets a specific individual. However, it demonstrates SEBI’s continued enforcement efforts against non-compliance. Investors in Le Waterina Resorts and Hotels Ltd. should be aware of the regulatory issues involving associated persons.
Impact Justification
Recovery certificate indicates serious non-compliance requiring enforcement action, but impact limited to specific individual and company