Description
SEBI issues release order for Recovery Certificate No. 2247 of 2019 against Abhijeet Dwarkadas Daga in the matter of Timbor Home Ltd., indicating compliance with payment obligations.
Summary
SEBI has issued a Release Order for Recovery Certificate No. 2247 of 2019 against Abhijeet Dwarkadas Daga in connection with the matter of Timbor Home Ltd. A release order typically signifies that the noticee has complied with the payment obligations as mandated under the recovery certificate, leading to the closure of enforcement proceedings.
Key Points
- Recovery Certificate No. 2247 of 2019 issued against Abhijeet Dwarkadas Daga
- Matter relates to Timbor Home Ltd.
- Release order indicates compliance with payment obligations
- Enforcement proceedings concluded upon satisfactory payment
Regulatory Changes
No regulatory changes. This is an enforcement matter resolution.
Compliance Requirements
No ongoing compliance requirements. The release order indicates that the required payments have been made and obligations fulfilled.
Important Dates
- Recovery Certificate issued: 2019
- Release Order date: November 20, 2025
Impact Assessment
This is a positive development for the noticee as the release order indicates successful compliance with SEBI’s recovery proceedings. The matter is now resolved with no ongoing enforcement actions. Market impact is minimal as this represents closure of enforcement proceedings rather than new violations or penalties.
Impact Justification
Release order indicates successful compliance with recovery proceedings; matter resolved with payment completion; minimal ongoing market impact