Description
SEBI completes recovery proceedings against defaulter Pardeep Aggarwal (PAN: AAKPA1255B) under Recovery Certificate No. 385 of 2014 in the matter of Priyadarshini Spinning Mills Ltd.
Summary
SEBI has issued a completion order for recovery proceedings against Pardeep Aggarwal (PAN: AAKPA1255B), who was identified as a defaulter in the matter of Priyadarshini Spinning Mills Ltd. The proceedings were initiated under Recovery Certificate No. 385 of 2014 and have now been concluded.
Key Points
- Recovery proceedings initiated under Recovery Certificate No. 385 of 2014
- Defaulter: Pardeep Aggarwal (PAN: AAKPA1255B)
- Matter relates to Priyadarshini Spinning Mills Ltd
- Recovery proceedings have been completed
- Order issued on December 10, 2025
Regulatory Changes
No new regulatory changes introduced. This is a completion notice for existing recovery proceedings.
Compliance Requirements
No new compliance requirements. This document marks the completion of recovery proceedings against the defaulter.
Important Dates
- Recovery Certificate Date: 2014 (Certificate No. 385)
- Completion Order Date: December 10, 2025
Impact Assessment
This is a case-specific enforcement action with minimal market-wide impact. The completion of recovery proceedings indicates closure of a long-standing matter from 2014. The impact is limited to the individual defaulter and does not affect broader market operations or trading activities.
Impact Justification
Completion notice for recovery proceedings against an individual defaulter in a historical case from 2014; limited market-wide impact