Description
SEBI issues Notice of Demand dated January 7, 2025 in Recovery Certificate No. 9000 of 2026 against Anukaran Commercial Enterprise Limited and 13 associated individuals and entities for recovery proceedings.
Summary
SEBI has issued a Notice of Demand dated January 7, 2025 under Recovery Certificate No. 9000 of 2026 against Anukaran Commercial Enterprise Limited and 13 other associated defaulters. The notice seeks recovery of outstanding dues jointly and severally from the company and related parties including directors, HUFs, and proprietary concerns.
Key Points
- Recovery Certificate No. 9000 of 2026 issued against 14 defaulters
- Main entity: Anukaran Commercial Enterprise Limited (PAN: AABCA2578D)
- Notice demands joint and several liability from all defaulters
- Case relates to Anukaran Commercial Enterprise Limited matter
- Total of 14 entities/individuals named as defaulters
Regulatory Changes
No regulatory framework changes. This is an enforcement action under existing SEBI recovery provisions.
Compliance Requirements
For Named Defaulters:
- Kushal Shah (PAN: AXPPS9103G)
- Jiten Vora (PAN: AAAPV3821G)
- Varsha Vora (PAN: AAEPB7941H)
- Kankuben Vora (PAN: AAFPV0269D)
- Paresh Vora (PAN: AAAPV3819J)
- Vaibhav Enterprise - Proprietary concern of Paresh Vora (PAN: AAAPV3819J)
- Rajdeep Enterprise - Proprietary concern of Jiten Vora (PAN: AAAPV3821G)
- Manoj Shah (PAN: AGUPS7516D)
- Faiyaz Rangwala (PAN: AADPR8710M)
- Arpita Vora (PAN: AAEPV7626D)
- Jiten Vora HUF (PAN: AAAHV9089C)
- Paresh Vora HUF (PAN: AAGHP4006F)
- Paras Mehta (PAN: AAEPM1638C)
All named entities must comply with the demand notice and are jointly and severally liable for the outstanding amount.
Important Dates
- Notice Date: January 7, 2025
- Recovery Certificate No: RC 9000 of 2026
Impact Assessment
High Impact Enforcement Action:
- Indicates serious regulatory violations requiring recovery proceedings
- Joint and several liability exposes all 14 defaulters to full recovery amount
- Recovery proceedings can include attachment of assets and bank accounts
- May lead to further regulatory restrictions on defaulters
- Sets precedent for enforcement against company promoters, directors, and related entities
- Proprietary concerns and HUFs also held liable, expanding recovery scope beyond direct parties
Impact Justification
High severity enforcement action involving recovery proceedings against 14 defaulters including a company and multiple individuals, indicating serious regulatory violations requiring debt recovery.