Description

SEBI issues recovery certificate for demand against Yuvika Tradewing LLP (PAN: AABFY4620R) in the matter of Cressanda Solutions Limited.

Summary

SEBI has issued Recovery Certificate No. 8924 of 2025 dated October 15, 2025 against Yuvika Tradewing LLP (PAN No. AABFY4620R) in connection with the matter of Cressanda Solutions Limited. This recovery certificate represents SEBI’s formal enforcement action to recover outstanding amounts through the recovery certificate mechanism.

Key Points

  • Recovery Certificate No. 8924 of 2025 issued on October 15, 2025
  • Entity: Yuvika Tradewing LLP
  • PAN: AABFY4620R
  • Related matter: Cressanda Solutions Limited
  • Enforcement action initiated by SEBI for recovery of dues

Regulatory Changes

No regulatory changes introduced. This is an enforcement action under existing SEBI recovery mechanisms.

Compliance Requirements

  • Yuvika Tradewing LLP must comply with the recovery certificate demand
  • Failure to comply may result in further enforcement measures including attachment of bank accounts, property, and other assets
  • The recovery officer may initiate coercive measures for recovery as per applicable laws

Important Dates

  • Recovery Certificate Issue Date: October 15, 2025
  • Recovery Certificate Number: 8924 of 2025

Impact Assessment

Direct Impact:

  • High impact on Yuvika Tradewing LLP as recovery proceedings have been initiated
  • Potential attachment of assets and bank accounts if demand is not met
  • Credit implications and restrictions on business operations

Market Impact:

  • Signals SEBI’s continued focus on enforcement and recovery of dues
  • Demonstrates consequences for non-compliance in matters related to listed entities
  • Related to Cressanda Solutions Limited, indicating ongoing regulatory matters involving the company

Operational Impact:

  • Yuvika Tradewing LLP may face restrictions on business operations
  • Potential difficulties in banking and financial transactions
  • Reputational impact affecting business relationships

Impact Justification

Recovery certificate indicates serious enforcement action by SEBI for non-payment of dues related to Cressanda Solutions Limited matter