Description

SEBI issues a General Remittance Order dated February 25, 2026 under Recovery Certificate No. 2815 of 2020 against N Parvatavardhani (PAN: ABFPN1326G) for recovery of dues in the matter of Sankhya Infotech Limited.

Summary

SEBI has issued a General Remittance Order dated February 25, 2026 under Recovery Certificate No. 2815 of 2020 against N Parvatavardhani (PAN: ABFPN1326G) in the matter of Sankhya Infotech Limited. This order directs specified entities (typically banks, depositories, or financial institutions) to remit amounts held to SEBI’s account towards recovery of outstanding dues.

Key Points

  • Recovery Certificate No. 2815 of 2020 issued against N Parvatavardhani (PAN: ABFPN1326G)
  • Related to enforcement proceedings in the matter of Sankhya Infotech Limited
  • General Remittance Order directs relevant entities to transfer funds held in the name of the defaulter to SEBI
  • Order issued under SEBI’s recovery proceedings powers
  • Dated February 25, 2026

Regulatory Changes

No new regulatory changes. This is an enforcement action under existing SEBI recovery mechanisms.

Compliance Requirements

  • Banks, depositories, and other financial intermediaries holding assets or funds in the name of N Parvatavardhani (PAN: ABFPN1326G) are directed to remit such amounts to SEBI
  • Entities receiving this order must comply within the stipulated timeframe specified in the order
  • Non-compliance with a SEBI remittance order may attract further penal action

Important Dates

  • Order Date: February 25, 2026
  • Recovery Certificate: No. 2815 of 2020 (original certificate dated 2020)

Impact Assessment

This order has minimal broader market impact. It is a targeted enforcement action against a specific individual related to Sankhya Infotech Limited proceedings. The impact is limited to the named defaulter and any financial institutions holding assets on their behalf, which must comply with the remittance directive.

Impact Justification

This is an enforcement/recovery action targeting a specific individual (N Parvatavardhani) related to Sankhya Infotech Limited. It has no broader market impact and affects only the named party and entities holding their assets.