Description
SEBI cancels Recovery Certificate No. 2247 of 2019 issued against Abhijeet Dwarkadas Daga in connection with Timbor Home Ltd. proceedings.
Summary
SEBI has issued a cancellation order for Recovery Certificate No. 2247 of 2019 that was issued against Abhijeet Dwarkadas Daga in connection with proceedings related to Timbor Home Ltd. This order signifies the closure or resolution of the recovery proceedings that were initiated against the individual.
Key Points
- Recovery Certificate No. 2247 of 2019 has been cancelled
- Order pertains to Abhijeet Dwarkadas Daga
- Related to matter of Timbor Home Ltd.
- Represents compliance/resolution of enforcement action
Regulatory Changes
No new regulatory changes. This is an order cancelling an existing recovery certificate.
Compliance Requirements
No ongoing compliance requirements as this represents the cancellation/closure of recovery proceedings.
Important Dates
- Order Date: November 20, 2025
- Original Recovery Certificate: 2247 of 2019
Impact Assessment
This order has limited market impact as it pertains to the resolution of specific enforcement proceedings against an individual related to Timbor Home Ltd. The cancellation suggests that the matter has been resolved through compliance, payment, or other settlement mechanisms. Market participants are not directly affected by this administrative order.
Impact Justification
Cancellation of recovery certificate indicates resolution or closure of recovery proceedings against an individual. Limited market-wide impact, specific to enforcement matter.