Description
SEBI order confirming completion of recovery proceedings under Recovery Certificate No. RC3783 of 2021 against Bimla Devi Mundra (PAN: CBZPM6743E) in the matter of Illiquid Stock Options.
Summary
SEBI has issued an order confirming the completion of recovery proceedings under Recovery Certificate No. RC3783 of 2021 against Bimla Devi Mundra (PAN: CBZPM6743E) in connection with the matter of Illiquid Stock Options. This represents the conclusion of enforcement and recovery action taken against the defaulter.
Key Points
- Recovery Certificate Number: RC3783 of 2021
- Defaulter: Bimla Devi Mundra
- PAN: CBZPM6743E
- Matter: Illiquid Stock Options
- Status: Recovery proceedings completed
- Order Date: January 15, 2026
Regulatory Changes
No new regulatory changes introduced. This is an enforcement completion order.
Compliance Requirements
This order confirms completion of recovery proceedings. No new compliance requirements are imposed by this order.
Important Dates
- Recovery Certificate Issue Date: 2021 (RC3783 of 2021)
- Completion Order Date: January 15, 2026
Impact Assessment
Limited market impact. This is an administrative order confirming the completion of recovery proceedings against a specific individual in relation to illiquid stock options. The order indicates successful conclusion of SEBI’s enforcement action in this particular case. No broader implications for market participants or regulatory requirements.
Impact Justification
Administrative order confirming completion of recovery proceedings against a specific individual defaulter. Limited market-wide impact as it pertains to enforcement action against a single entity in relation to illiquid stock options matter.