Description
SEBI announces completion of recovery proceedings under Recovery Certificate No. RC 4005 of 2021 against Kingfisher Properties Pvt. Ltd. in the matter of Turbotech Engineering Ltd.
Summary
SEBI has issued a notification regarding the completion of Recovery Certificate No. RC 4005 of 2021 against Kingfisher Properties Pvt. Ltd. in the matter of Turbotech Engineering Ltd. This document marks the closure of recovery proceedings initiated by the regulator.
Key Points
- Recovery Certificate No. RC 4005 of 2021 has been completed
- Proceedings were against Kingfisher Properties Pvt. Ltd.
- Related to the matter of Turbotech Engineering Ltd.
- Represents conclusion of enforcement action
Regulatory Changes
No new regulatory changes. This is a completion notice for existing recovery proceedings.
Compliance Requirements
No new compliance requirements. The recovery proceedings have been concluded.
Important Dates
- Recovery Certificate Issue Date: 2021 (RC 4005 of 2021)
- Completion Notice Date: January 8, 2026
Impact Assessment
This completion notice has minimal market-wide impact as it pertains to the conclusion of specific recovery proceedings against Kingfisher Properties Pvt. Ltd. The completion indicates that SEBI has concluded its recovery efforts in this particular case, either through successful recovery or closure of proceedings. This is an administrative matter with no direct implications for broader market participants or trading activities.
Impact Justification
Administrative completion of recovery proceedings against a private entity. Limited market-wide impact as it relates to a specific enforcement case closure.