Description
SEBI issues release order dated December 18, 2025 in RC No.4566 of 2022 for Rajkumar Chainrai Basantani concerning the Soundcraft Industries Ltd. case.
Summary
SEBI has issued a Release Order dated December 18, 2025, in Recovery Certificate No. 4566 of 2022 concerning Rajkumar Chainrai Basantani in the matter of Soundcraft Industries Ltd. This order relates to the release of funds or assets that were previously frozen or attached as part of SEBI’s enforcement proceedings.
Key Points
- Release Order issued on December 18, 2025
- Recovery Certificate No. 4566 of 2022
- Entity: Rajkumar Chainrai Basantani
- Related to: Soundcraft Industries Ltd. matter
- Order type: Release of frozen funds/assets
Regulatory Changes
No new regulatory changes. This is a case-specific enforcement action order.
Compliance Requirements
The release order is directed at the specific individual (Rajkumar Chainrai Basantani) and concerned authorities. No broader compliance requirements for market participants.
Important Dates
- Release Order Date: December 18, 2025
- Recovery Certificate: RC No. 4566 of 2022
Impact Assessment
Market Impact: Minimal - This is an individual-specific release order with no broader market implications.
Operational Impact: Low - Affects only the individual party named in the order and related enforcement proceedings.
Investor Impact: Negligible - No direct impact on retail or institutional investors.
This release order signifies the conclusion or partial resolution of enforcement proceedings against the named individual in the Soundcraft Industries Ltd. matter, allowing for the release of previously frozen assets or funds.
Impact Justification
Release order pertains to individual case resolution, limited market-wide impact, specific to one entity's fund release