Description
SEBI announces completion of recovery proceedings against V K Aggarwal HUF (PAN: AAGHV0343D) under Recovery Certificate No. 8044 of 2024 dated September 20, 2024, in the matter of illiquid stock options at BSE.
Summary
SEBI has issued a notice confirming the completion of recovery proceedings under Recovery Certificate No. 8044 of 2024 dated September 20, 2024, against V K Aggarwal HUF (Defaulter) with PAN: AAGHV0343D. The recovery action was related to the matter of illiquid stock options at the Bombay Stock Exchange (BSE). This notice confirms that the recovery proceedings have been successfully concluded.
Key Points
- Recovery Certificate No. 8044 of 2024 issued on September 20, 2024
- Defaulter: V K Aggarwal HUF (PAN: AAGHV0343D)
- Matter pertains to illiquid stock options at BSE
- Recovery proceedings have been completed
- Notice published on October 9, 2025
Regulatory Changes
No new regulatory changes introduced. This is a completion notice for an existing recovery proceeding.
Compliance Requirements
No new compliance requirements. This notice confirms the conclusion of enforcement action against the defaulter.
Important Dates
- September 20, 2024: Recovery Certificate No. 8044 of 2024 issued
- October 9, 2025: Completion notice published
Impact Assessment
Market Impact: Minimal. This is an individual enforcement case completion notice with no broader market implications.
Operational Impact: None for market participants. The recovery proceedings against V K Aggarwal HUF have been concluded.
Investor Impact: Low. This relates to a specific defaulter case that has been resolved. No action required from other market participants or investors.
Impact Justification
This is a recovery completion notice indicating successful conclusion of enforcement proceedings against a specific defaulter. It has minimal market-wide impact as it pertains to a concluded individual case with no new regulatory requirements or market-wide implications.