Description
SEBI issues cancellation order for Recovery Certificate No. 4156 of 2021 against Mahesh Somabhai Desai in proceedings related to Timbor Home Limited.
Summary
SEBI has issued a cancellation order for Recovery Certificate No. 4156 of 2021 that was issued against Mahesh Somabhai Desai in connection with proceedings related to Timbor Home Limited. This order formally cancels the recovery certificate that was previously issued for enforcement purposes.
Key Points
- Recovery Certificate No. 4156 of 2021 has been cancelled
- The certificate was issued against Mahesh Somabhai Desai
- The matter relates to Timbor Home Limited
- This is a compliance order issued by SEBI
- Cancellation indicates resolution or modification of the enforcement action
Regulatory Changes
No new regulatory changes introduced. This is an administrative order cancelling a previously issued recovery certificate.
Compliance Requirements
- The cancellation order supersedes the original Recovery Certificate No. 4156 of 2021
- No further recovery action will be pursued under the cancelled certificate
- Parties involved should take note of the cancellation for their records
Important Dates
- Order Date: February 6, 2026
- Original Recovery Certificate Date: 2021
- Recovery Certificate Number: 4156 of 2021
Impact Assessment
This order has limited market impact as it pertains to the cancellation of a recovery certificate against a specific individual. The cancellation suggests that the underlying matter has been resolved, payment has been made, or the recovery action is no longer being pursued. This is a routine compliance and enforcement matter with no broader implications for market operations or other market participants.
Impact Justification
Cancellation of recovery certificate indicates resolution or modification of enforcement action against a specific individual in relation to Timbor Home Limited. Limited broader market impact as this is an individual compliance matter.