Description
SEBI releases Mr. Mahesh Kumar Sharma from defaulter status after completion of recovery proceedings under Certificate No. 8969 of 2025 related to CIG Realty Fund Schemes.
Summary
SEBI has issued a release order for Mr. Mahesh Kumar Sharma (PAN: AYYPS1602E), releasing him from defaulter status following the completion of recovery proceedings under Certificate No. 8969 of 2025. This order relates to the matter of CIG Realty Fund Scheme I, II and IV.
Key Points
- Defaulter: Mr. Mahesh Kumar Sharma (PAN: AYYPS1602E)
- Recovery Certificate: No. 8969 of 2025
- Recovery Certificate Date: December 12, 2025
- Related matter: CIG Realty Fund Scheme I, II and IV
- Status: Defaulter released after completion of recovery proceedings
Regulatory Changes
No regulatory changes. This is an individual case resolution order.
Compliance Requirements
No new compliance requirements. The defaulter has completed the recovery obligations and has been released from defaulter status.
Important Dates
- Recovery Certificate Issue Date: December 12, 2025
- Release Order Date: January 13, 2026
Impact Assessment
This is an individual defaulter release order with minimal market impact. The order indicates successful completion of recovery proceedings against the defaulter in the CIG Realty Fund schemes matter. This has no direct impact on market operations, trading, or broader compliance requirements for market participants.
Impact Justification
Individual defaulter release order with limited market-wide impact; affects specific defaulter's status after recovery completion