Description
SEBI issues release order dated December 04, 2025 for Recovery Certificate No. 303 of 2014 drawn against M/s Million Investrade Limited in connection with the Kolar Biotech Limited matter.
Summary
SEBI has issued a Release Order dated December 04, 2025 under Recovery Certificate No. 303 of 2014 drawn against M/s Million Investrade Limited in the matter of Kolar Biotech Limited. This release order signifies the completion or settlement of recovery proceedings initiated against the entity.
Key Points
- Release Order issued under RC No. 303 of 2014
- Entity: M/s Million Investrade Limited
- Related matter: Kolar Biotech Limited
- Order date: December 04, 2025
- Indicates resolution of outstanding recovery proceedings
Regulatory Changes
No new regulatory changes. This is an administrative order releasing a recovery certificate.
Compliance Requirements
No ongoing compliance requirements. The release order indicates completion of the recovery process for the concerned entity.
Important Dates
- Release Order Date: December 04, 2025
- Original Recovery Certificate: RC No. 303 of 2014
Impact Assessment
This release order has limited market impact as it pertains to the closure of specific enforcement proceedings against M/s Million Investrade Limited. The order indicates that the recovery proceedings under RC No. 303 of 2014 have been resolved, either through payment, settlement, or other resolution mechanism. Impact is confined to the specific entity and does not affect broader market operations or regulations.
Impact Justification
Release order indicates completion or settlement of recovery proceedings against Million Investrade Limited. Limited market-wide impact as it relates to specific enforcement case resolution.