Description

SEBI issues a prohibitory order under Recovery Certificate No. 2874 of 2020 against Gayatri Nadupalli in the matter of Sankhya Infotech Limited, directing attachment of assets to recover outstanding dues.

Summary

SEBI has issued a prohibitory order in pursuance of Recovery Certificate No. 2874 of 2020 against Gayatri Nadupalli in the matter of Sankhya Infotech Limited. The order directs the attachment of the defaulter’s assets to facilitate recovery of outstanding dues payable to SEBI.

Key Points

  • Prohibitory order issued under Recovery Certificate No. 2874 of 2020
  • Order is directed against Gayatri Nadupalli
  • Matter relates to Sankhya Infotech Limited
  • Order empowers SEBI’s Recovery Officer to attach and realize the defaulter’s assets
  • Banks, depositories, and other entities are directed not to allow disposal of attached assets

Regulatory Changes

No new regulatory changes. This is an enforcement/recovery action under existing SEBI (Recovery of Money) Regulations and provisions of the SEBI Act, 1992.

Compliance Requirements

  • Banks and financial institutions holding assets of Gayatri Nadupalli must freeze/prohibit disposal of such assets upon receipt of this order
  • Depositories and depository participants must not allow transfer, pledge, or encumbrance of securities held by the named defaulter
  • Any entity in possession of the defaulter’s assets must comply with the prohibitory directions and report to SEBI’s Recovery Officer

Important Dates

  • Recovery Certificate No. 2874 issued: 2020
  • Prohibitory Order published: March 6, 2026

Impact Assessment

This order has a narrow impact confined to Gayatri Nadupalli and entities holding her assets. There is no broader market or systemic impact. The action reflects SEBI’s ongoing enforcement of older recovery certificates and signals continued pursuit of outstanding dues even years after initial orders. Investors in Sankhya Infotech Limited are not directly affected by this procedural recovery action.

Impact Justification

Enforcement action targeting a specific individual for recovery of dues in an older matter (2020). Narrow in scope with no broad market impact; relevant only to the named party and creditors.