Description
SEBI issues release order for Recovery Certificate No. 82 of 2014 against Girdharbhai Karu in the matter of Kolar Biotech Limited upon compliance with recovery proceedings.
Summary
SEBI has issued a release order for Recovery Certificate No. 82 of 2014 against Girdharbhai Karu in the matter of Kolar Biotech Limited. This order signifies compliance with the recovery proceedings and closure of the outstanding recovery matter.
Key Points
- Release order issued for Recovery Certificate No. 82 of 2014
- Matter pertains to Girdharbhai Karu
- Related to Kolar Biotech Limited case
- Indicates compliance and satisfaction of recovery requirements
- Administrative closure of enforcement proceedings
Regulatory Changes
No regulatory changes. This is an administrative compliance order.
Compliance Requirements
No new compliance requirements. The order confirms that the obligated party has satisfied the recovery requirements under Recovery Certificate No. 82 of 2014.
Important Dates
- Order Date: December 4, 2025
Impact Assessment
This release order has minimal market impact as it pertains to the closure of a specific recovery proceeding against an individual. The order indicates successful compliance with SEBI’s recovery requirements and represents the administrative conclusion of Recovery Certificate No. 82 of 2014. This is a routine compliance matter with no broader regulatory or market implications.
Impact Justification
Release order indicating compliance with recovery proceedings for a specific individual, minimal market impact, administrative closure of enforcement matter