Description
SEBI announces completion of recovery proceedings under Certificate No. 8969 of 2025 dated December 12, 2025 issued against Mr. Mahesh Kumar Sharma (PAN: AYYPS1602E) in the matter of CIG Realty Fund Scheme I, II and IV.
Summary
SEBI has announced the completion of recovery proceedings under Recovery Certificate No. 8969 of 2025 dated December 12, 2025 issued against Mr. Mahesh Kumar Sharma (PAN: AYYPS1602E) as a defaulter in the matter of CIG Realty Fund Scheme I, II and IV. This circular marks the successful conclusion of debt recovery enforcement action.
Key Points
- Recovery Certificate No. 8969 of 2025 dated December 12, 2025 has been completed
- Defaulter: Mr. Mahesh Kumar Sharma
- PAN: AYYPS1602E
- Related to CIG Realty Fund Scheme I, II and IV
- Recovery proceedings have been successfully concluded
Regulatory Changes
No new regulatory changes. This is a status update on enforcement action completion.
Compliance Requirements
No new compliance requirements. This circular serves as a public notice of recovery completion.
Important Dates
- Recovery Certificate Issue Date: December 12, 2025
- Completion Announcement: January 13, 2026
Impact Assessment
This circular has limited market impact as it pertains to recovery proceedings against a specific individual defaulter. It demonstrates SEBI’s continued enforcement efforts in recovering dues from defaulters in collective investment schemes. The completion of recovery proceedings provides closure to this enforcement matter and may serve as a deterrent for potential defaulters. No impact on market operations or trading activities.
Impact Justification
Recovery completion against individual defaulter in specific fund schemes. High severity for the defaulter but low market-wide impact. Medium importance as it demonstrates SEBI's enforcement action completion.