Description

SEBI issues a release order for Recovery Certificate No. 6648 of 2023 against Sadanand Prayag Mishra (PAN: AFVPM2400E) in the matter of Shreekrishna Biotech Limited, releasing attachments on bank accounts, demat accounts, and mutual fund folios upon compliance.

Summary

SEBI has issued a Release Order in respect of Recovery Certificate No. 6648 of 2023, originally issued against Sadanand Prayag Mishra (PAN: AFVPM2400E) in the matter of Shreekrishna Biotech Limited. The order releases the attachment/freeze on the respondent’s bank accounts, demat accounts, and mutual fund folios, signifying that the recovery dues have been settled or compliance has been achieved.

Key Points

  • Recovery Certificate No. 6648 of 2023 was issued against Sadanand Prayag Mishra (PAN: AFVPM2400E)
  • The matter pertains to Shreekrishna Biotech Limited
  • SEBI has issued a formal Release Order (compliance/completion certificate)
  • The release covers bank accounts, demat accounts, and mutual fund folios that were previously attached
  • This order confirms that the recovery process has been satisfied

Regulatory Changes

No regulatory changes. This is an enforcement closure order specific to an individual respondent.

Compliance Requirements

  • The concerned banks, depositories, and mutual fund registrars/transfer agents are directed to release/de-freeze the accounts and folios of Sadanand Prayag Mishra (PAN: AFVPM2400E) that were frozen pursuant to Recovery Certificate No. 6648 of 2023
  • Financial institutions holding the attached assets must act promptly upon receipt of this release order

Important Dates

  • Recovery Certificate No. 6648 of 2023: Originally issued in 2023
  • Release Order Date: February 27, 2026

Impact Assessment

This order has minimal market impact. It is an administrative enforcement closure specific to one individual (Sadanand Prayag Mishra) in connection with the Shreekrishna Biotech Limited matter. The release of attached bank accounts, demat accounts, and mutual fund folios signals the conclusion of the recovery proceedings against this respondent. No broader market or investor implications are anticipated.

Impact Justification

This is an administrative release order confirming compliance with a recovery certificate from 2023. It has no broader market impact and affects only the specific individual named in the order.