Description
SEBI remittance advice for recovery proceedings against defaulter Friends Portfolio Private Ltd. under Recovery Certificate No. 551 of 2015 in the matter of Media Video Ltd.
Summary
SEBI has issued a remittance advice in the recovery proceedings against Friends Portfolio Private Ltd. (PAN: ABZPA9745N), designated as a defaulter, under Recovery Certificate No. 551 of 2015 in the matter of Media Video Ltd. This document confirms payment or recovery action in the ongoing enforcement case.
Key Points
- Defaulter entity: Friends Portfolio Private Ltd. (PAN: ABZPA9745N)
- Recovery Certificate No. 551 of 2015
- Related matter: Media Video Ltd.
- Document type: Remittance Advice
- Action: Recovery enforcement proceedings
Regulatory Changes
No new regulatory changes. This is an enforcement action document related to existing recovery proceedings.
Compliance Requirements
- Friends Portfolio Private Ltd. must comply with recovery demands under the certificate
- Entity remains designated as defaulter until full recovery is completed
- All parties involved must cooperate with SEBI’s recovery officers
Important Dates
- Document issued: October 29, 2025
- Original Recovery Certificate: 551 of 2015
Impact Assessment
This remittance advice represents ongoing enforcement action in a recovery case dating back to 2015. The impact is limited to the specific parties involved - Friends Portfolio Private Ltd. and Media Video Ltd. There is no direct market-wide impact, but it demonstrates SEBI’s continued efforts in recovery proceedings against defaulters. Investors and market participants should note that SEBI maintains active enforcement of recovery certificates even for cases spanning multiple years.
Impact Justification
Recovery enforcement action against defaulter, relevant for entities involved in the case but limited broader market impact