Description
SEBI releases recovery certificate order against S. Sudheer in the matter of Acropetal Technologies Ltd, withdrawing recovery proceedings.
Summary
SEBI has issued a release order for Recovery Certificate No. 7855 of 2024 against S. Sudheer (PAN: ABEPS2937F) in the matter of Acropetal Technologies Ltd. This order withdraws the recovery proceedings previously initiated against the individual.
Key Points
- Recovery Certificate Number: RC No. 7855 of 2024
- Individual: S. Sudheer (PAN: ABEPS2937F)
- Company: Acropetal Technologies Ltd
- Order Type: Release Order (withdrawal of recovery proceedings)
- Issuing Authority: SEBI Recovery Officer
Regulatory Changes
No new regulatory changes are introduced. This is an administrative order releasing previously initiated recovery proceedings.
Compliance Requirements
- The release order indicates that recovery proceedings under RC No. 7855 of 2024 have been withdrawn
- No further compliance action required from the individual under this specific recovery certificate
- This suggests either settlement of dues or resolution of the matter through other means
Important Dates
- Release Order Date: October 7, 2025
- Original Recovery Certificate: RC No. 7855 of 2024
Impact Assessment
Impact Level: Low
This is a case-specific release order with limited broader market impact. The withdrawal of recovery proceedings against an individual in relation to Acropetal Technologies Ltd suggests resolution of the specific enforcement matter. Such orders are administrative in nature and do not affect market operations or introduce new compliance requirements for other entities. The impact is confined to the individual named and the company involved.
Impact Justification
Release order withdrawing recovery proceedings indicates resolution of compliance matter, limited market-wide impact, specific to individual entity