Description

SEBI recovery certificate demanding payment from Moonclub Merchants Private Limited (now amalgamated with Superior Commodeal Pvt Ltd) in connection with the Thirani Projects Ltd case.

Summary

SEBI has issued Recovery Certificate No. RC8985 of 2025 serving a notice of demand against Moonclub Merchants Private Limited (PAN: AAMCS2508Q), which has been amalgamated with Superior Commodeal Pvt Ltd. This demand is issued in connection with the matter of Thirani Projects Ltd.

Key Points

  • Recovery Certificate Number: RC8985 of 2025
  • Entity: Moonclub Merchants Private Limited (PAN: AAMCS2508Q)
  • Current Status: Amalgamated with Superior Commodeal Pvt Ltd
  • Related Matter: Thirani Projects Ltd
  • Type: Notice of Demand under SEBI recovery proceedings

Regulatory Changes

No regulatory changes. This is an enforcement action under existing SEBI recovery procedures.

Compliance Requirements

  • Moonclub Merchants Private Limited (now Superior Commodeal Pvt Ltd) must comply with the demand notice
  • Payment obligations as specified in the recovery certificate must be fulfilled
  • The successor entity (Superior Commodeal Pvt Ltd) is responsible for obligations following amalgamation

Important Dates

  • Certificate Issue Date: December 31, 2025
  • Publication Date: January 2026
  • Payment deadline and other specific dates would be mentioned in the detailed certificate

Impact Assessment

Financial Impact: High impact on the named entities - Moonclub Merchants Private Limited and its successor Superior Commodeal Pvt Ltd - who are liable for payment under this recovery certificate.

Legal Impact: Enforcement action may lead to further recovery proceedings if demand is not met, including attachment of assets and bank accounts.

Market Impact: Limited direct market impact, but demonstrates SEBI’s continued enforcement activities in the Thirani Projects Ltd matter against associated entities.

Corporate Impact: Amalgamation does not absolve liability; successor entity inherits obligations of amalgamated company.

Impact Justification

Recovery certificate with demand notice impacts the entities involved and their obligations. High severity for parties named but medium market-wide importance as it's entity-specific enforcement action.