Description

SEBI remittance advice for recovery proceedings against Hari Om Singh, Manish Kumar, Vijay Prakash Gupta, Pradeep Narendra Bhatt, Vijay Pujara, and Ajaykumar Pujara as defaulters in the Continental Seeds and Chemicals Limited case.

Summary

SEBI has issued a remittance advice under Recovery Certificate No. 8858 of 2025 against six individuals/entities as defaulters in the matter of Continental Seeds and Chemicals Limited. The defaulters include Hari Om Singh (PAN-BGBPS4181A), Manish Kumar (PAN-AMWPK4668G), Vijay Prakash Gupta, Proprietor of Aashi Traders (PAN-ANCPV2725J), Pradeep Narendra Bhatt (PAN-AGSPB0964C), Vijay Pujara (PAN-AGXPP5209R), and Ajaykumar Pujara (PAN-APLPP9651E), who are held jointly and severally liable.

Key Points

  • Recovery proceedings initiated under Recovery Certificate No. 8858 of 2025
  • Six defaulters identified with their respective PAN numbers
  • Defaulters are jointly and severally liable for the obligations
  • Matter relates to Continental Seeds and Chemicals Limited
  • Remittance advice issued on November 14, 2025

Regulatory Changes

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

Compliance Requirements

  • The named defaulters are required to remit the outstanding amounts as per the recovery certificate
  • Joint and several liability means each defaulter can be held responsible for the entire obligation
  • Non-compliance may result in further enforcement actions including attachment of assets

Important Dates

  • November 14, 2025: Date of remittance advice issuance
  • Payment deadline would be specified in the detailed recovery certificate

Impact Assessment

This remittance advice represents SEBI’s enforcement action to recover dues in the Continental Seeds and Chemicals Limited matter. The joint and several liability clause allows SEBI to pursue recovery from any or all of the named defaulters. This action serves as a deterrent for non-compliance and demonstrates SEBI’s commitment to enforcing regulatory obligations. Market participants should note that failure to comply with SEBI directives can lead to formal recovery proceedings.

Impact Justification

Recovery proceedings against multiple defaulters indicate serious compliance violations. Impact limited to specific entities involved in the Continental Seeds and Chemicals Limited matter.