Description
Completion of Recovery Certificate No. 6844 of 2023 against Paath Financial Services Private Limited for recovery of Rs. 7,29,000/- penalty amount in the matter of Bhageria Industries Limited.
Summary
SEBI’s Recovery Officer has issued a Certificate of Completion for Recovery Certificate No. 6844 of 2023, confirming successful recovery of penalty amount of Rs. 7,29,000/- from Paath Financial Services Private Limited (PAN: AAHCP2103K). The recovery was in connection with penalty imposed by the Adjudicating Officer in the matter of Bhageria Industries Limited.
Key Points
- Recovery Certificate No. 6844 of 2023 dated 12.07.2023 has been completed
- Defaulter: Paath Financial Services Private Limited (PAN: AAHCP2103K)
- Amount recovered: Rs. 7,29,000/- (Rupees Seven Lakhs Twenty-Nine Thousand only)
- Original penalty imposed vide Order No. Order/VV/PSS/2022-23/25283-25366 dated 31.03.2023
- Matter relates to Bhageria Industries Limited
- Certificate completed on 06.11.2025 at Mumbai
Regulatory Changes
No regulatory changes. This is a completion certificate confirming successful recovery of previously imposed penalty.
Compliance Requirements
No new compliance requirements. The defaulter has completed payment of the outstanding penalty amount.
Important Dates
- 31.03.2023: Adjudicating Officer’s penalty order issued
- 12.07.2023: Recovery Certificate No. 6844 of 2023 drawn
- 06.11.2025: Certificate of Completion issued confirming full recovery
Impact Assessment
Market Impact: Minimal. This is an administrative closure notice with no market-wide implications.
Operational Impact: Limited to the specific defaulter entity (Paath Financial Services Private Limited) which has now fulfilled its penalty obligations.
Entity-Specific Impact: Confirms successful conclusion of recovery proceedings against Paath Financial Services Private Limited in the Bhageria Industries Limited matter. The defaulter has paid the required penalty amount along with applicable interest, costs, charges and expenses.
Impact Justification
Administrative notice confirming successful recovery of penalty amount from defaulter; no new regulatory requirements or market-wide implications.