Description
SEBI issues release order for Recovery Certificate No. 286 of 2014 against Cavalier Securities in connection with the Kolar Biotech Limited case.
Summary
SEBI has issued a Release Order for Recovery Certificate No. 286 of 2014 against Cavalier Securities in the matter of Kolar Biotech Limited. This order pertains to enforcement and recovery proceedings.
Key Points
- Recovery Certificate No. 286 of 2014
- Entity: Cavalier Securities
- Matter relates to Kolar Biotech Limited case
- Release order issued on December 4, 2025
- Part of SEBI’s enforcement and recovery mechanism
Regulatory Changes
No new regulatory changes introduced. This is an enforcement action related to existing proceedings.
Compliance Requirements
The release order indicates completion or settlement of recovery obligations under Recovery Certificate No. 286 of 2014. Cavalier Securities has fulfilled the requirements leading to this release.
Important Dates
- Order Date: December 4, 2025
- Recovery Certificate: No. 286 of 2014
Impact Assessment
Market Impact: Low - This is a specific enforcement action against one entity relating to a historical case.
Operational Impact: Medium for Cavalier Securities - Release from recovery proceedings may restore normal operational status.
Investor Impact: Low - Limited impact on broader market participants. Relevant primarily to parties involved in the Kolar Biotech Limited matter.
Impact Justification
Release order indicates compliance with recovery proceedings. Limited market-wide impact as it pertains to specific entity and case resolution.