Description
SEBI issues release order completing recovery proceedings in RC 8098/2024 against Krishna Kumar Jhunjhunwala HUF (PAN: AAJHK7693C) in the matter of illiquid stock options.
Summary
SEBI has issued a release order in Recovery Certificate No. RC 8098 of 2024 against Krishna Kumar Jhunjhunwala HUF (PAN: AAJHK7693C) in connection with proceedings related to illiquid stock options. The release order signifies the completion or resolution of the recovery proceedings initiated by SEBI’s Recovery Officer.
Key Points
- Recovery Certificate Number: RC 8098 of 2024
- Entity: Krishna Kumar Jhunjhunwala HUF (Hindu Undivided Family)
- PAN: AAJHK7693C
- Subject Matter: Illiquid stock options
- Action: Release order issued, indicating completion of recovery proceedings
- Date of Order: December 3, 2025
Regulatory Changes
No new regulatory changes introduced. This is an enforcement/recovery completion order.
Compliance Requirements
No new compliance requirements for market participants. This order relates to the conclusion of recovery proceedings against a specific entity.
Important Dates
- Order Date: December 3, 2025
- Recovery Certificate Number: RC 8098 of 2024
Impact Assessment
This release order has minimal impact on the broader market as it pertains to the conclusion of recovery proceedings against a specific HUF entity. The order indicates that SEBI’s Recovery Officer has completed the recovery process related to the matter of illiquid stock options. Release orders are typically issued when:
- The amount due has been recovered
- The proceedings have been settled
- The recovery certificate is being closed
There are no implications for market participants beyond the specific entity named in the order.
Impact Justification
Release order indicates completion of recovery proceedings against a specific HUF entity. Limited market-wide impact as it relates to conclusion of enforcement action in an individual case involving illiquid stock options.