Description
Recovery certificate notice issued against Mahesh Chand Mittal (PAN: ABJPM0503C) in GDR Issues investigation of Sybly Industries Limited.
Summary
SEBI has issued Recovery Certificate number 8871 of 2025 dated August 21, 2025, against Mahesh Chand Mittal (PAN: ABJPM0503C) as a defaulter in connection with the investigation into GDR Issues of Sybly Industries Limited.
Key Points
- Recovery Certificate No. 8871 of 2025 issued on August 21, 2025
- Defaulter: Mahesh Chand Mittal (PAN: ABJPM0503C)
- Related to investigation in GDR Issues of Sybly Industries Limited
- Formal demand notice under recovery proceedings
Regulatory Changes
No regulatory changes - this is an enforcement action under existing recovery procedures.
Compliance Requirements
- Defaulter must comply with recovery demand as specified in the certificate
- Payment of outstanding amounts as determined by SEBI
- Adherence to any additional conditions specified in the recovery certificate
Important Dates
- Recovery Certificate Date: August 21, 2025
- Certificate Number: 8871 of 2025
Impact Assessment
This is an individual enforcement action with limited direct market impact. The recovery proceedings indicate SEBI’s continued focus on ensuring compliance and collecting dues from defaulters in securities market violations, particularly related to GDR issues investigations.
Impact Justification
Individual recovery action with limited broader market impact