Description
SEBI issues release order for Recovery Certificate No. RC6307 of 2023 against Casuarina Projects Pvt. Ltd in the matter of Sunstar Realty Development Limited.
Summary
SEBI has issued a Release Order concerning Recovery Certificate No. RC6307 of 2023 against Casuarina Projects Pvt. Ltd in the matter of Sunstar Realty Development Limited. This order relates to SEBI’s recovery proceedings and enforcement actions.
Key Points
- Recovery Certificate Number: RC6307 of 2023
- Entity Against Whom Order Issued: Casuarina Projects Pvt. Ltd
- Matter Related To: Sunstar Realty Development Limited
- Order Type: Release Order
- Document Date: January 8, 2026
Regulatory Changes
This is an enforcement action order and does not introduce new regulatory changes.
Compliance Requirements
Casuarina Projects Pvt. Ltd must comply with the terms and conditions specified in the release order. Entities subject to SEBI recovery proceedings should ensure timely compliance with recovery certificates and related orders.
Important Dates
- Order Date: January 8, 2026
- Recovery Certificate Year: 2023
Impact Assessment
This release order is specific to Casuarina Projects Pvt. Ltd in relation to Sunstar Realty Development Limited. The impact is limited to the entities directly involved in the recovery proceedings. The order represents SEBI’s continued enforcement and recovery actions to ensure regulatory compliance and investor protection.
Impact Justification
Recovery certificate release order against specific entity in enforcement proceedings. Impacts the involved entities but has limited broader market impact.