Description
SEBI release order dated December 18, 2025 for Rajkumar Basantani in the matter of Kolar Biotech Limited.
Summary
SEBI has issued a release order dated December 18, 2025, in Recovery Certificate (RC) No. 48 of 2014 concerning Rajkumar Basantani in the matter of Kolar Biotech Limited. Release orders typically indicate that previously frozen or attached funds/assets are being released following compliance with regulatory requirements or settlement of dues.
Key Points
- Recovery certificate number: RC No. 48 of 2014
- Entity involved: Rajkumar Basantani
- Matter relates to: Kolar Biotech Limited
- Order date: December 18, 2025
- Order type: Release Order
Regulatory Background
Release orders are issued by SEBI when:
- The noticee has complied with the directions in the original order
- Monetary dues have been paid
- Recovery proceedings have been concluded
- Attachment of assets is no longer required
Compliance Requirements
No new compliance requirements. This order represents the conclusion of enforcement action against the named individual.
Important Dates
- Order Date: December 18, 2025
- Original RC Date: 2014
Impact Assessment
Limited market impact. Release orders are administrative in nature and indicate closure of specific enforcement proceedings. The order specifically affects Rajkumar Basantani and does not impose new restrictions or requirements on market participants. Kolar Biotech Limited shareholders may note the resolution of this matter.
Impact Justification
Release order indicates resolution of enforcement proceedings against an individual entity, with limited market-wide impact