Description
SEBI issues release order for Recovery Certificate No. RC 4005 of 2021 against Kingfisher Properties Pvt. Ltd. in the matter of Turbotech Engineering Ltd.
Summary
SEBI has issued a release order for Recovery Certificate No. RC 4005 of 2021 against Kingfisher Properties Pvt. Ltd. in the matter of Turbotech Engineering Ltd. This order indicates the completion or resolution of recovery proceedings that were initiated against Kingfisher Properties in connection with the Turbotech Engineering matter.
Key Points
- Recovery Certificate Number: RC 4005 of 2021
- Entity: Kingfisher Properties Pvt. Ltd.
- Related Matter: Turbotech Engineering Ltd.
- Order Type: Release Order
- Issuing Authority: Securities and Exchange Board of India (SEBI)
Regulatory Changes
No new regulatory changes are introduced by this order. This is an enforcement action related to recovery proceedings.
Compliance Requirements
This release order concludes the recovery proceedings against Kingfisher Properties Pvt. Ltd. No new compliance requirements are imposed. The entity may have satisfied outstanding obligations or the recovery proceedings have been otherwise resolved.
Important Dates
- Order Date: January 8, 2026
- Original Recovery Certificate: RC 4005 of 2021
Impact Assessment
The impact of this order is limited to Kingfisher Properties Pvt. Ltd. and parties related to the Turbotech Engineering Ltd. matter. This is a routine enforcement resolution that indicates the conclusion of recovery proceedings. There is no broader market impact or impact on listed securities.
Impact Justification
Release order indicating closure or completion of recovery proceedings against a specific entity. Limited market-wide impact as it relates to resolution of a specific enforcement matter.