Description
SEBI announces the completion of recovery proceedings under Recovery Certificate No. RC6307 of 2023 issued against Casuarina Projects Pvt. Ltd in the Sunstar Realty Development Limited matter.
Summary
SEBI has announced the completion of recovery proceedings under Recovery Certificate No. RC6307 of 2023 issued against Casuarina Projects Pvt. Ltd in connection with the Sunstar Realty Development Limited matter. This notice indicates that the recovery process initiated under the certificate has been concluded.
Key Points
- Recovery Certificate No. RC6307 of 2023 has been completed
- Certificate was issued against Casuarina Projects Pvt. Ltd
- Related to the Sunstar Realty Development Limited matter
- Represents closure of enforcement and recovery proceedings
Regulatory Changes
No new regulatory changes introduced. This is an administrative notice regarding the completion of existing recovery proceedings.
Compliance Requirements
No new compliance requirements. The notice signifies the conclusion of recovery proceedings against the named entity.
Important Dates
- Notice Date: January 8, 2026
- Recovery Certificate: RC6307 of 2023
Impact Assessment
Market Impact: Low - This is an administrative notice specific to the completion of recovery proceedings against Casuarina Projects Pvt. Ltd. It has no direct impact on market operations or trading activities.
Operational Impact: Low - The notice provides closure to enforcement proceedings and indicates that recovery actions have been completed. No further action required from market participants.
Investor Impact: Minimal - Relevant only to parties directly involved in the Sunstar Realty Development Limited matter and the recovery proceedings against Casuarina Projects Pvt. Ltd.
Impact Justification
Administrative notice regarding completion of recovery proceedings against a specific entity. Limited market-wide impact as it pertains to closure of an enforcement action.