Description
SEBI issues compliance release order for Recovery Certificate No. 204 of 2014 (Adam Comsof Ltd) and Recovery Certificate No. 567 of 2015 (Soundcraft Industries Ltd) against Rajkumar Chainrai Basantani.
Summary
SEBI has issued a compliance release order concerning two recovery certificates against Rajkumar Chainrai Basantani (PAN: AESPB2834F). The order pertains to Recovery Certificate No. 204 of 2014 in the matter of Adam Comsof Ltd and Recovery Certificate No. 567 of 2015 in the matter of Soundcraft Industries Ltd.
Key Points
- Release order issued for Recovery Certificate No. 204 of 2014 related to Adam Comsof Ltd
- Release order issued for Recovery Certificate No. 567 of 2015 related to Soundcraft Industries Ltd
- Order concerns Rajkumar Chainrai Basantani (PAN: AESPB2834F)
- Compliance-based release indicating resolution of recovery proceedings
Regulatory Changes
No new regulatory changes. This is an individual compliance order resolving specific recovery certificate matters.
Compliance Requirements
The release order indicates compliance has been achieved for the recovery certificates in question. No further action required from the named individual for these specific recovery certificates.
Important Dates
- Order Date: December 16, 2025
- Recovery Certificate No. 204: Originally issued in 2014
- Recovery Certificate No. 567: Originally issued in 2015
Impact Assessment
This order has minimal market-wide impact as it pertains to specific recovery proceedings against an individual. The release indicates resolution of long-standing recovery matters from 2014 and 2015. No impact on broader market operations or listed securities.
Impact Justification
Compliance release order for specific recovery certificates against an individual. Limited broader market impact but significant for the parties involved in recovery proceedings.