Amendment in Notice of Demand under Recovery Certificate No. 8606 of 2025 - Pradeep Baijnath Pandya (CNBC Awaaz Matter)

Description

SEBI amends the notice of demand issued under Recovery Certificate No. 8606 of 2025 dated 07.02.2025 against Pradeep Baijnath Pandya (PAN: AIIPP0780C) in the matter of CNBC Awaaz, modifying recovery demand details for outstanding dues.

Summary

SEBI has issued an amendment to the Notice of Demand under Recovery Certificate No. 8606 of 2025, originally dated 07.02.2025, against Pradeep Baijnath Pandya (PAN: AIIPP0780C) in the matter of CNBC Awaaz. This amendment modifies specific particulars in the earlier notice of demand related to the recovery of outstanding penalty dues.

Key Points

• Recovery Certificate No. 8606 of 2025 was originally issued on 07.02.2025
• The notice of demand is issued against Pradeep Baijnath Pandya (PAN: AIIPP0780C)
• The amendment pertains to the matter of CNBC Awaaz
• SEBI’s Recovery Officer has issued this amendment to correct or update terms of the original demand notice
• The amendment forms part of SEBI’s enforcement and recovery proceedings under the SEBI Act

Regulatory Changes

This document amends the previously issued Notice of Demand under Recovery Certificate No. 8606 of 2025. The amendment supersedes or modifies specific provisions of the original notice dated 07.02.2025, likely updating the quantum of dues, interest calculations, or procedural particulars as permissible under SEBI recovery regulations.

Compliance Requirements

• Pradeep Baijnath Pandya is required to comply with the amended notice of demand
• Outstanding dues as specified in the amended notice must be paid to SEBI
• Failure to comply may result in further recovery proceedings including attachment of assets or other enforcement actions under the SEBI Act and Rules

Important Dates

• Original Recovery Certificate Date: 07.02.2025
• Recovery Certificate No.: 8606 of 2025
• Amendment Notice Date: 24.02.2026

Impact Assessment

This is an individual enforcement action with no direct market-wide or systemic impact. The proceedings are limited to recovery of dues from a specific individual (Pradeep Baijnath Pandya) in connection with the CNBC Awaaz matter. The CNBC Awaaz case historically involved alleged market manipulation or front-running related to stock recommendations on the channel. This amendment indicates ongoing recovery proceedings by SEBI against the named individual.

Impact Justification

Individual enforcement action amending a recovery demand against a specific person; no broader market or regulatory policy implications.