Description
SEBI order releasing property that was attached under Prohibitory Order no. RO/HO/899/2023 dated 22.11.2023 issued under RC 6802 of 2023 against Pradeep Dhanuka (PAN: AACPD0526C) in the matter of Gromo Trade & Consultancy Ltd.
Summary
SEBI has issued an order releasing property that was previously attached under Prohibitory Order no. RO/HO/899/2023 dated 22.11.2023. The property was attached as part of recovery proceedings under Recovery Certificate (RC) No. 6802 of 2023 drawn against Pradeep Dhanuka (PAN: AACPD0526C) in connection with the matter of Gromo Trade & Consultancy Ltd. This order indicates the resolution or partial resolution of the recovery proceedings against the concerned party.
Key Points
- Recovery Certificate No.: RC 6802 of 2023
- Original Prohibitory Order: RO/HO/899/2023 dated 22.11.2023
- Person Affected: Pradeep Dhanuka (PAN: AACPD0526C)
- Company Involved: Gromo Trade & Consultancy Ltd
- Action: Release of attached property
- Order Date: October 30, 2025
Regulatory Changes
No regulatory framework changes. This is an enforcement-related order specific to an individual case.
Compliance Requirements
No new compliance requirements for market participants. This order relates to the resolution of a specific enforcement matter.
Important Dates
- Original Prohibitory Order Date: November 22, 2023
- Release Order Date: October 30, 2025
- Recovery Certificate: RC 6802 of 2023
Impact Assessment
Market Impact: Low - This is a case-specific enforcement order relating to property release in recovery proceedings against an individual.
Affected Parties: Pradeep Dhanuka and entities related to Gromo Trade & Consultancy Ltd.
Investor Impact: Minimal - This order has no direct impact on general investors or market operations. It represents the conclusion or partial resolution of recovery proceedings in a specific enforcement case.
Regulatory Significance: The order demonstrates SEBI’s enforcement and recovery mechanisms, showing the progression of recovery proceedings from attachment to release, likely indicating either full recovery, settlement, or other resolution of the matter.
Impact Justification
Property release order for a specific individual in an enforcement matter. Limited market-wide impact as it relates to closure/resolution of a specific recovery proceeding.