Description
SEBI completes recovery certificate proceedings against Mr. Rakesh Dhingra (PAN: AAHPD6226A) in relation to CIG Realty Fund Scheme I, II and IV.
Summary
SEBI has issued a completion notice for Recovery Certificate No. 8968 of 2025 dated December 12, 2025, against Mr. Rakesh Dhingra (Defaulter) with PAN: AAHPD6226A in the matter of CIG Realty Fund Scheme I, II and IV. This notice indicates the conclusion of recovery proceedings initiated against the defaulter.
Key Points
- Recovery Certificate No. 8968 of 2025 has been completed
- Certificate was issued on December 12, 2025
- Defaulter: Mr. Rakesh Dhingra
- PAN: AAHPD6226A
- Related to: CIG Realty Fund Scheme I, II and IV
- Action taken under SEBI’s enforcement and recovery mechanism
Regulatory Changes
No regulatory changes introduced. This is a completion notice for an existing recovery proceeding.
Compliance Requirements
This notice serves as information regarding the completion of recovery proceedings. No new compliance requirements are imposed through this circular.
Important Dates
- December 12, 2025: Recovery Certificate No. 8968 of 2025 issued
- January 13, 2026: Completion notice published
Impact Assessment
This completion notice has limited market-wide impact as it pertains to recovery proceedings against a specific defaulter in CIG Realty Fund schemes. The notice indicates that SEBI has concluded its recovery efforts in this matter. Investors in the affected CIG Realty Fund schemes (I, II, and IV) should note the completion of these proceedings. The action demonstrates SEBI’s ongoing enforcement activities against defaulters in the alternative investment fund sector.
Impact Justification
Recovery certificate completion against a specific defaulter in CIG Realty Fund schemes. Limited broader market impact but significant for enforcement actions and fund investors.