Description
SEBI remittance advice documenting recovery proceedings against Moongipa Investments Limited and its directors (Madhur Agarwal, Sudhir Agarwal, and Shiv Kumar Agarwal) under Recovery Certificate No. 8624 of 2025.
Summary
SEBI has issued a remittance advice under Recovery Certificate No. 8624 of 2025 against Moongipa Investments Limited (PAN: AAACM5584A) and its directors - Mr. Madhur Agarwal (PAN: AAFPA1251Q), Mr. Sudhir Agarwal (PAN: AAFPA1250R), and Mr. Shiv Kumar Agarwal (PAN: AAFPA1252P), holding them jointly and severally liable as defaulters. This document pertains to SEBI’s enforcement and recovery actions.
Key Points
- Recovery proceedings initiated against Moongipa Investments Limited and three of its directors
- All parties named as defaulters and held jointly and severally liable
- Recovery Certificate No. 8624 of 2025 issued
- Remittance advice indicates active enforcement and collection efforts
Regulatory Changes
No new regulatory changes introduced. This is an enforcement action under existing SEBI recovery procedures.
Compliance Requirements
- Moongipa Investments Limited and the named directors must comply with the recovery certificate terms
- Payment of outstanding amounts as determined by SEBI
- Failure to comply may result in further enforcement measures including attachment of assets
Important Dates
- Recovery Certificate Date: 2025
- Remittance Advice Date: January 14, 2026
Impact Assessment
For Named Entities: High impact - the company and directors face enforcement action with joint and several liability, potentially including asset attachment and market access restrictions.
Market Impact: Low - limited to the specific entities involved. No broader market implications unless part of a larger enforcement pattern.
Investor Impact: High for any investors or creditors of Moongipa Investments Limited, as recovery proceedings indicate financial/regulatory distress.
Impact Justification
Recovery proceedings against defaulters indicate serious regulatory violations. High impact for the named entities facing enforcement action, but limited broader market impact.