Description
SEBI issues Certificate No. 8922 of 2025 with Attachment Proceedings (A.P. Nos. 14996 and 14998 of 2025) against Smart Infraproperties Private Limited in the matter of Cressanda Solutions Limited.
Summary
SEBI has issued Certificate No. 8922 of 2025 along with Attachment Proceedings (A.P. Nos. 14996 and 14998 of 2025) against Smart Infraproperties Private Limited (PAN: AAQCS6937F) in connection with the matter of Cressanda Solutions Limited. This represents enforcement action involving attachment of assets as part of recovery proceedings.
Key Points
- Recovery Certificate No. 8922 of 2025 issued
- Attachment Proceedings: A.P. Nos. 14996 and 14998 of 2025
- Target entity: Smart Infraproperties Private Limited (PAN: AAQCS6937F)
- Related matter: Cressanda Solutions Limited
- Enforcement action involves asset attachment procedures
- Certificate issued on 06.11.2025
Regulatory Changes
No new regulatory changes introduced. This is an enforcement action under existing recovery and attachment proceedings framework.
Compliance Requirements
- Smart Infraproperties Private Limited must comply with attachment proceedings requirements
- Entities subject to attachment must respond as per certificate terms
- Compliance with recovery certificate procedures and timelines
- Assets identified under attachment proceedings subject to SEBI control
Important Dates
- Certificate Date: 06.11.2025
- Recovery Certificate: No. 8922 of 2025
- Attachment Proceedings: A.P. Nos. 14996 and 14998 of 2025
Impact Assessment
Market Impact: Medium - Enforcement action specifically targets Smart Infraproperties Private Limited in connection with Cressanda Solutions Limited matter. Impact limited to named entities and their associated stakeholders.
Operational Impact: High for Smart Infraproperties Private Limited - Assets subject to attachment proceedings, restricting operational flexibility and financial transactions pending resolution of recovery matters.
Regulatory Precedent: Demonstrates SEBI’s continued enforcement of recovery proceedings against entities involved in securities market violations, using attachment proceedings as a mechanism to secure recovery amounts.
Impact Justification
Recovery certificate with attachment proceedings against specific entity. Medium importance due to enforcement action. Impact limited to named parties and related entities in Cressanda Solutions matter.