Description
SEBI issues release order dated 17.12.2025 in RC No. 284 of 2014 against Mahesh Mistry in the matter of Kolar Biotech Limited.
Summary
SEBI has issued a Release Order dated December 17, 2025, in Recovery Certificate (RC) No. 284 of 2014 issued against Mahesh Mistry in the matter of Kolar Biotech Limited. This release order indicates that the recovery obligations under the said recovery certificate have been satisfied.
Key Points
- Release Order issued for Mahesh Mistry
- Pertains to RC No. 284 of 2014
- Related to Kolar Biotech Limited matter
- Marks closure of recovery proceedings against the individual
- Release date: December 17, 2025
Regulatory Changes
No new regulatory changes introduced. This is an administrative order releasing an individual from previous recovery obligations.
Compliance Requirements
No new compliance requirements. The release order signifies that previous obligations under the recovery certificate have been met.
Important Dates
- Release Order Date: December 17, 2025
- Original RC Number: RC No. 284 of 2014
Impact Assessment
This release order has minimal market impact as it pertains to the closure of recovery proceedings against a specific individual. The order indicates that the recovery obligations under RC No. 284 of 2014 have been satisfied, allowing for the release of Mahesh Mistry from the recovery proceedings in the Kolar Biotech Limited matter. This is a routine administrative action with no broader market or regulatory implications.
Impact Justification
Release order indicating satisfaction of recovery obligations under RC No. 284/2014, no ongoing market impact