Description

SEBI issues prohibitory order under Recovery Certificate No. 4708 of 2022 against Pavan Kumar Babu Konere (PAN: APEPK0161R) in the matter of Venus Power Ventures (India) Ltd. to enforce recovery of dues.

Summary

SEBI has issued a prohibitory order under Recovery Certificate No. 4708 of 2022 against Pavan Kumar Babu Konere (PAN: APEPK0161R) in the matter of Venus Power Ventures (India) Ltd. The order is dated February 25, 2026, and is part of SEBI’s ongoing enforcement and recovery proceedings to collect outstanding dues from individuals associated with regulatory violations.

Key Points

  • Prohibitory order issued against Pavan Kumar Babu Konere (PAN: APEPK0161R)
  • Recovery Certificate No. 4708 of 2022
  • Related to the matter of Venus Power Ventures (India) Ltd.
  • Order restricts the named individual from transferring, alienating, or dealing with assets
  • Part of SEBI’s debt recovery enforcement mechanism
  • Order issued on February 25, 2026

Regulatory Changes

No new regulatory framework introduced. This is an enforcement action under existing SEBI recovery procedures pursuant to the SEBI Act and the Second Schedule to the Income Tax Act, 1961, as applied to SEBI recovery proceedings.

Compliance Requirements

  • Pavan Kumar Babu Konere is subject to the prohibitory order effective immediately
  • The named individual is restrained from transferring, alienating, or otherwise dealing with any movable or immovable assets/properties
  • Third parties holding assets of the named individual are directed not to release such assets without SEBI’s prior approval
  • Non-compliance may result in further enforcement action including attachment proceedings

Important Dates

  • Order Date: February 25, 2026
  • Recovery Certificate No.: 4708 of 2022
  • Original RC Year: 2022

Impact Assessment

This prohibitory order has a direct and significant impact on Pavan Kumar Babu Konere, restricting their ability to deal with personal assets until outstanding dues related to Venus Power Ventures (India) Ltd. are settled. The broader market impact is minimal as this is an individual-level enforcement action. The order demonstrates SEBI’s continued pursuit of recovery proceedings even years after the issuance of recovery certificates, underscoring the long-term enforcement reach of SEBI’s regulatory powers.

Impact Justification

Individual-level SEBI enforcement action with no broader market impact; prohibitory order restricts one named individual's assets to enforce outstanding dues from 2022 recovery certificate in a company matter