Description

SEBI issues a prohibitory order under Recovery Certificate No. 1732 of 2018 against V3 Infrastructure and Estates Pvt. Limited, directing attachment of assets to recover dues.

Summary

SEBI has issued a prohibitory order in connection with Recovery Certificate No. 1732 of 2018 against V3 Infrastructure and Estates Pvt. Limited. The order prohibits the defaulter from alienating, transferring, or disposing of its assets pending recovery of dues owed to investors/SEBI as determined in earlier proceedings.

Key Points

  • Prohibitory order issued under Section 28A of the SEBI Act, 1992 read with the Second Schedule of the Income Tax Act, 1961
  • Recovery Certificate No. 1732 of 2018 forms the basis of this enforcement action
  • The order attaches/prohibits disposal of movable and immovable assets of V3 Infrastructure and Estates Pvt. Limited
  • Action is part of SEBI’s ongoing recovery proceedings against entities found liable in earlier orders
  • The prohibitory order is directed at banks, financial institutions, and other parties holding assets of the defaulter

Regulatory Changes

No new regulatory changes. This is an enforcement action implementing an existing recovery certificate issued in 2018.

Compliance Requirements

  • Banks and financial institutions holding accounts of V3 Infrastructure and Estates Pvt. Limited are directed not to allow withdrawal or transfer of funds
  • Any person or entity holding assets of the defaulter must comply with the prohibitory order
  • Non-compliance with the prohibitory order may attract action under applicable laws

Important Dates

  • Recovery Certificate issued: 2018 (RC No. 1732 of 2018)
  • Prohibitory order issued: March 16, 2026

Impact Assessment

The order has no broad market impact. It is limited to V3 Infrastructure and Estates Pvt. Limited and parties holding its assets. This is a routine enforcement/recovery action by SEBI to recover dues from a defaulter entity. Investors and market participants not connected to this entity are unaffected.

Impact Justification

This is an enforcement/recovery action against a specific defaulter entity (V3 Infrastructure and Estates Pvt. Limited) under a 2018 recovery certificate. It has no broad market impact and affects only the named entity and its assets.