Description
SEBI announces completion of recovery proceedings against defaulter Arun Kochar (PAN: ARFPK1390P) in the matter of Wisec Global Limited under Recovery Certificate No. 6243 dated February 10, 2023.
Summary
SEBI has completed recovery proceedings under Recovery Certificate No. 6243 of 2023 dated February 10, 2023, issued against Arun Kochar (PAN: ARFPK1390P) in the matter of Wisec Global Limited. This marks the successful conclusion of enforcement action against the defaulter.
Key Points
- Recovery Certificate No. 6243 of 2023 dated February 10, 2023 has been completed
- Defaulter: Arun Kochar with PAN: ARFPK1390P
- Matter relates to Wisec Global Limited
- Enforcement action has been successfully concluded
Regulatory Changes
No new regulatory changes introduced. This is a completion notice for existing recovery proceedings.
Compliance Requirements
No additional compliance requirements. The recovery proceedings against the defaulter have been completed as per SEBI’s enforcement procedures.
Important Dates
- Original Recovery Certificate Date: February 10, 2023
- Completion Announcement Date: August 8, 2025
Impact Assessment
Limited impact as this relates to completion of individual recovery proceedings. The successful completion demonstrates SEBI’s commitment to enforcing regulatory compliance and recovering dues from defaulters. This action is specific to the individual defaulter and does not have broader market implications.
Impact Justification
Completion of individual recovery proceedings, limited market-wide impact