Description
SEBI cancels Recovery Certificate No. 8912 of 2025 issued against Ms. Kruti Kevin Kapadia in the matter of Darshan Orna Limited.
Summary
SEBI has issued a cancellation order for Recovery Certificate No. 8912 of 2025 that was previously issued against Ms. Kruti Kevin Kapadia in the matter related to Darshan Orna Limited. This order terminates the recovery proceedings under the specified certificate.
Key Points
- Recovery Certificate No. 8912 of 2025 has been cancelled
- The certificate was issued against Ms. Kruti Kevin Kapadia
- The matter relates to Darshan Orna Limited
- Cancellation indicates closure or resolution of the recovery proceedings
Regulatory Changes
No regulatory framework changes. This is an administrative order cancelling a specific recovery certificate.
Compliance Requirements
No new compliance requirements. The cancellation order terminates the recovery obligations under RC 8912 of 2025 for the named individual.
Important Dates
- Order Date: November 28, 2025
- Recovery Certificate Cancelled: RC 8912 of 2025
Impact Assessment
This order has minimal market impact as it is specific to recovery proceedings against an individual. The cancellation may indicate that the amounts have been recovered, the matter has been resolved, or the recovery certificate was issued in error. This is a positive development for Ms. Kruti Kevin Kapadia as it terminates the enforcement action against her.
Impact Justification
Cancellation of recovery certificate is an administrative action affecting a specific individual, with limited broader market impact