Description

SEBI release order for Recovery Certificate No. 211 of 2014, Recovery Certificate No. 231 of 2014 (Adam Comsof Ltd) and Recovery Certificate No. 288 of 2014 (Kolar Biotech Limited) issued against Vinod Hingorani (PAN: AAXPH9088C).

Summary

SEBI has issued a release order for three Recovery Certificates against Vinod Hingorani (PAN: AAXPH9088C). The order covers Recovery Certificate No. 211 of 2014 and Recovery Certificate No. 231 of 2014 in the matter of Adam Comsof Ltd, and Recovery Certificate No. 288 of 2014 in the matter of Kolar Biotech Limited. This represents the conclusion or compliance stage of debt recovery proceedings initiated by SEBI.

Key Points

  • Release order issued for three SEBI Recovery Certificates
  • Recovery Certificate No. 211 of 2014 (Adam Comsof Ltd)
  • Recovery Certificate No. 231 of 2014 (Adam Comsof Ltd)
  • Recovery Certificate No. 288 of 2014 (Kolar Biotech Limited)
  • All certificates issued against Vinod Hingorani (PAN: AAXPH9088C)
  • Order signifies compliance or settlement of recovery proceedings

Regulatory Changes

No new regulatory changes introduced. This is an enforcement/compliance order related to existing recovery proceedings.

Compliance Requirements

The release order indicates that the compliance requirements under the respective Recovery Certificates have been met or the matters have been resolved. No new compliance requirements are imposed.

Important Dates

  • Order Date: December 16, 2025
  • Recovery Certificate No. 211 of 2014: Issued in 2014
  • Recovery Certificate No. 231 of 2014: Issued in 2014
  • Recovery Certificate No. 288 of 2014: Issued in 2014

Impact Assessment

The impact is limited to the specific individual (Vinod Hingorani) and the two companies mentioned (Adam Comsof Ltd and Kolar Biotech Limited). This order represents the closure or resolution of long-standing recovery proceedings that date back to 2014. There is no broader market impact expected from this administrative order.

Impact Justification

This is a release order for specific recovery certificates against an individual in relation to two companies. Limited market-wide impact as it pertains to resolution of past enforcement proceedings.