Description
SEBI issues release order for Recovery Certificate No. RC7127 of 2023 dated October 09, 2023 involving nine entities including Minu Mallick, Ujjal Laha, Sanjay Dey, Arun Datta, Buddhadeb Laha, Priyankar Laha, Glorious Vincom Pvt Ltd, Highgrowth Vincom Pvt Ltd and Arun Laha in the matter of Darshan Orna Limited.
Summary
SEBI has issued a Release Order for Recovery Certificate No. RC7127 of 2023 dated October 09, 2023, in respect of nine entities: Minu Mallick (PAN-DGTPM2047B), Ujjal Laha (PAN-ATSPL2483R), Sanjay Dey (PAN-BWHPD4063L), Arun Datta (PAN-AIYPD5217E), Buddhadeb Laha (PAN-AQBPL5563C), Priyankar Laha (PAN-AKLPL2832L), Glorious Vincom Pvt Ltd (PAN-AADCG3846Q), Highgrowth Vincom Pvt Ltd (PAN-AACCH1789A) and Arun Laha (PAN-ATFPL9692P) in the matter of Darshan Orna Limited. The release order signifies action taken regarding the recovery certificate issued in this enforcement matter.
Key Points
- Release Order issued for Recovery Certificate No. RC7127 of 2023
- Original recovery certificate dated October 09, 2023
- Matter relates to Darshan Orna Limited
- Involves nine individuals and two corporate entities
- Release indicates satisfaction or modification of recovery proceedings
Entities Covered
Individuals:
- Minu Mallick (PAN: DGTPM2047B)
- Ujjal Laha (PAN: ATSPL2483R)
- Sanjay Dey (PAN: BWHPD4063L)
- Arun Datta (PAN: AIYPD5217E)
- Buddhadeb Laha (PAN: AQBPL5563C)
- Priyankar Laha (PAN: AKLPL2832L)
- Arun Laha (PAN: ATFPL9692P)
Corporate Entities:
- Glorious Vincom Pvt Ltd (PAN: AADCG3846Q)
- Highgrowth Vincom Pvt Ltd (PAN: AACCH1789A)
Regulatory Context
Release orders are issued by SEBI when recovery proceedings under a recovery certificate are concluded, either through full/partial recovery of dues, settlement, or other resolution mechanisms under the SEBI Act and Recovery of Debts Due to Banks and Financial Institutions Act.
Important Dates
- Original Recovery Certificate Date: October 09, 2023
- Release Order Date: January 08, 2026
Impact Assessment
This release order has limited market-wide impact as it pertains to specific enforcement and recovery proceedings against identified entities in the matter of Darshan Orna Limited. The order indicates resolution or satisfaction of recovery proceedings initiated under RC7127 of 2023. Market participants and investors associated with the entities named in the order should note the conclusion of these recovery proceedings.
Impact Justification
Release order indicates completion or partial satisfaction of recovery proceedings against specific entities. Limited market-wide impact as it pertains to specific recovery case closure.