Description
SEBI issues a release order for Recovery Certificate No. 6710 of 2023 issued against S Ravi Chandran (PAN: ATCPR1127L) in the matter of Securekloud Technologies Limited, indicating conclusion of recovery proceedings against this defaulter.
Summary
SEBI has issued a Release Order for Recovery Certificate No. 6710 of 2023, which was issued against S Ravi Chandran (PAN: ATCPR1127L) in the matter of Securekloud Technologies Limited. This release order signifies the conclusion or discharge of the recovery proceedings against this individual, typically issued when the outstanding dues have been paid or the recovery certificate is no longer enforceable.
Key Points
- Recovery Certificate No. 6710 of 2023 has been released by SEBI
- The defaulter is S Ravi Chandran with PAN ATCPR1127L
- The proceedings relate to the matter of Securekloud Technologies Limited
- A companion completion order (circular ID: cb67598957c834fe) was also issued on the same date
- Release orders are issued when recovery obligations have been fulfilled or proceedings concluded
Regulatory Changes
No new regulatory changes. This is an enforcement closure order under SEBI’s recovery proceedings framework.
Compliance Requirements
No ongoing compliance requirements arising from this order. The release order marks the end of recovery obligations for S Ravi Chandran under Recovery Certificate No. 6710 of 2023.
Important Dates
- Order Date: March 17, 2026
- Recovery Certificate No. 6710 issued: 2023
Impact Assessment
This order has minimal market impact. It is a routine administrative closure of enforcement proceedings against an individual in connection with Securekloud Technologies Limited. No trading restrictions or new compliance obligations are imposed on market participants. The release indicates the recovery process has run its course.
Impact Justification
Routine administrative release order concluding recovery proceedings against an individual defaulter; no new regulatory requirements or market-wide impact.