SEBI Release Order for Attachment of Immovable Property - Recovery Certificates in Matter of Adam Comsof Ltd, Kolar Biotech Limited Against Vinod Hingorani

Description

SEBI issues release order for attachment of immovable property related to Recovery Certificate No. 211/2014, 231/2014 (Adam Comsof Ltd) and 288/2014 (Kolar Biotech Limited) against Vinod Hingorani.

Summary

SEBI has issued a release order for the attachment of immovable property in connection with three recovery certificates: RC No. 211 of 2014 and RC No. 231 of 2014 in the matter of Adam Comsof Ltd, and RC No. 288 of 2014 in the matter of Kolar Biotech Limited, all issued against Vinod Hingorani (PAN: AAXPH9088C). This order releases the previously attached immovable property, indicating compliance with recovery requirements or resolution of the underlying enforcement matter.

Key Points

• Release order issued for attachment of immovable property against Vinod Hingorani
• Covers three recovery certificates from 2014
• RC No. 211/2014 - Adam Comsof Ltd
• RC No. 231/2014 - Adam Comsof Ltd
• RC No. 288/2014 - Kolar Biotech Limited
• Individual concerned: Vinod Hingorani (PAN: AAXPH9088C)
• Property attachment being released suggests compliance or settlement

Regulatory Changes

No new regulatory changes introduced. This is an enforcement action resolution order.

Compliance Requirements

This is a release order indicating completion of compliance requirements. The attachment of immovable property is being released, suggesting that:

• Outstanding amounts have been recovered
• Compliance obligations have been fulfilled
• Or other resolution of the enforcement proceedings has been achieved

Important Dates

• Recovery Certificate Nos. 211, 231, and 288: Originally issued in 2014
• Release Order Date: January 20, 2026

Impact Assessment

Market Impact: Low - This order pertains to legacy enforcement matters from 2014 involving specific companies and an individual. The release of property attachment indicates closure or resolution of these matters.

Company Impact: Limited to Adam Comsof Ltd and Kolar Biotech Limited - positive development as it suggests resolution of historical enforcement actions.

Investor Impact: Minimal - affects only stakeholders of the specific companies mentioned and resolves historical compliance issues.

Impact Justification

Release order indicating resolution of recovery proceedings for specific companies and individual; minimal market-wide impact as it pertains to historical enforcement matters