Description
SEBI releases recovery certificate against J M Soni in connection with Ushdev International Limited matter, indicating completion of recovery proceedings.
Summary
SEBI has issued a release order for Recovery Certificate No.2315 of 2019 against J M Soni in the matter of Ushdev International Limited. This order signifies the completion or release of recovery proceedings initiated under the certificate.
Key Points
- Recovery Certificate No.2315 of 2019 pertains to J M Soni
- Matter relates to Ushdev International Limited
- Release order issued indicating completion of recovery process
- Order date: December 24, 2025
Regulatory Changes
No new regulatory changes introduced. This is an enforcement action completion document.
Compliance Requirements
No new compliance requirements. This order concludes existing recovery proceedings.
Important Dates
- Order Date: December 24, 2025
- Original Recovery Certificate: 2019
Impact Assessment
Limited impact as this is a specific enforcement matter conclusion. The release order affects only the parties named in the recovery certificate and does not have broader market implications.
Impact Justification
Release order indicating closure of recovery proceedings for a specific case with limited market-wide impact