Description
SEBI issues release order for Recovery Certificate No. 7673 of 2024 against Biglife Capital Solutions, Proprietor - Prateek Vyas, indicating compliance and closure of recovery proceedings.
Summary
SEBI has issued a Release Order for Recovery Certificate No. 7673 of 2024 against Biglife Capital Solutions (Proprietor: Prateek Vyas, PAN: AKIPV4554A). This order indicates that the recovery proceedings have been completed, suggesting that the outstanding amounts have been recovered or compliance requirements have been fulfilled, leading to the closure of this matter.
Key Points
- Recovery Certificate Number: 7673 of 2024
- Entity: Biglife Capital Solutions
- Proprietor: Prateek Vyas (PAN: AKIPV4554A)
- Order Type: Release Order (indicating compliance and closure)
- Date of Order: January 07, 2026
Regulatory Changes
No new regulatory changes. This is an enforcement action related to existing regulations.
Compliance Requirements
The release order indicates that compliance requirements under Recovery Certificate No. 7673 of 2024 have been fulfilled. No further action is required from the entity in relation to this specific recovery certificate.
Important Dates
- Order Date: January 07, 2026
- Recovery Certificate: No. 7673 of 2024
Impact Assessment
This release order has minimal market impact as it pertains to a specific enforcement action against an individual entity. The issuance of a release order suggests successful resolution of recovery proceedings, indicating that the entity has complied with SEBI’s directives or settled outstanding dues. This is a positive development for the entity involved but has no broader market implications.
Impact Justification
Release order indicates successful compliance and closure of recovery proceedings for a specific entity, limited market-wide impact