Description

SEBI issues prohibitory order under Recovery Certificate No. 5664 of 2022 against Eduexel Infotainment Ltd (PAN: AADCT3496R) to enforce recovery of dues in the matter of Midvalley Entertainment Limited.

Summary

SEBI has issued a prohibitory order under Recovery Certificate No. 5664 of 2022 against Eduexel Infotainment Ltd (PAN: AADCT3496R) in the matter of Midvalley Entertainment Limited. This order is part of SEBI’s recovery proceedings to enforce collection of outstanding dues from the defaulter.

Key Points

  • Prohibitory order issued against Eduexel Infotainment Ltd (PAN: AADCT3496R)
  • Recovery Certificate No. 5664 of 2022 forms the basis of this enforcement action
  • Order relates to the matter of Midvalley Entertainment Limited
  • Order prohibits the defaulter from transferring, alienating, or dealing with assets
  • Action taken under SEBI’s recovery proceedings framework
  • Directed to banks, depositories, and other relevant parties to enforce the prohibition

Regulatory Changes

No regulatory changes. This is an enforcement/recovery action under existing SEBI recovery proceedings framework.

Compliance Requirements

  • Banks, depositories, and financial institutions receiving this order must freeze/prohibit transactions in accounts of Eduexel Infotainment Ltd
  • Third parties holding assets of the defaulter must comply with the prohibitory directions
  • Any dealings in violation of this order would be liable for action under applicable law

Important Dates

  • Recovery Certificate No. 5664 issued: 2022
  • Prohibitory Order issued: February 17, 2026

Impact Assessment

This order has minimal broader market impact as it targets a specific entity (Eduexel Infotainment Ltd). The action is routine enforcement by SEBI to recover outstanding dues arising from the Midvalley Entertainment Limited matter. Impact is confined to the defaulter whose assets will be frozen pending recovery of dues under Recovery Certificate No. 5664 of 2022.

Impact Justification

Routine SEBI enforcement action targeting a specific defaulter entity (Eduexel Infotainment Ltd) with no broader market impact. Prohibitory orders restrict the defaulter from dealing in assets to facilitate recovery of dues under Recovery Certificate No. 5664 of 2022.