Description
SEBI Recovery Certificate No. RC8986 of 2025 issuing notice of demand against Sree Ganesh Finco Credit Private Ltd (PAN: AADCS9410Q), now amalgamated with Sutlaj Sales Private Ltd, in connection with Thirani Projects Ltd matter.
Summary
SEBI has issued Recovery Certificate No. RC8986 of 2025 containing a Notice of Demand against Sree Ganesh Finco Credit Private Ltd (PAN: AADCS9410Q), which has now been amalgamated with Sutlaj Sales Private Ltd. This certificate relates to recovery proceedings in the matter of Thirani Projects Ltd and represents SEBI’s enforcement action to recover outstanding amounts.
Key Points
- Recovery Certificate No. RC8986 of 2025 issued by SEBI
- Notice of Demand issued against Sree Ganesh Finco Credit Private Ltd (PAN: AADCS9410Q)
- The entity has been amalgamated with Sutlaj Sales Private Ltd
- Recovery proceedings relate to the matter of Thirani Projects Ltd
- Certificate issued on December 31, 2025
Regulatory Changes
No new regulatory changes introduced. This is an enforcement action under existing SEBI recovery regulations.
Compliance Requirements
- Sree Ganesh Finco Credit Private Ltd (now amalgamated with Sutlaj Sales Private Ltd) must comply with the demand notice
- The amalgamated entity Sutlaj Sales Private Ltd is liable for obligations of Sree Ganesh Finco Credit Private Ltd
- Payment or compliance with demand notice terms required to avoid further enforcement action
- Failure to comply may result in attachment of assets, bank accounts, or other recovery measures
Important Dates
- December 31, 2025: Recovery Certificate No. RC8986 of 2025 issued
- January 2026: Certificate published on SEBI website
Impact Assessment
Direct Impact: This recovery certificate directly impacts Sutlaj Sales Private Ltd (as the amalgamated entity of Sree Ganesh Finco Credit Private Ltd), which now bears the liabilities and obligations arising from the original entity’s involvement in the Thirani Projects Ltd matter.
Market Impact: Limited direct market impact as this affects a private limited company. However, it demonstrates SEBI’s continued enforcement actions in recovery proceedings.
Compliance Impact: The notice serves as a reminder that amalgamation does not eliminate regulatory liabilities; the successor entity inherits all obligations of the amalgamated company.
Enforcement Significance: Part of SEBI’s systematic recovery process in the Thirani Projects Ltd case, indicating ongoing enforcement actions against multiple entities associated with the matter.
Impact Justification
Recovery certificate issued against specific entity in connection with Thirani Projects Ltd; affects amalgamated entity Sutlaj Sales Private Ltd; enforcement action with financial implications