Description
SEBI announces completion of recovery proceedings against Babita Singaram (PAN: BTJPS5403E) under Recovery Certificate No. 6713 of 2023 in the matter of Securekloud Technologies Limited.
Summary
SEBI has completed recovery proceedings under Recovery Certificate No. 6713 of 2023 issued against Babita Singaram (PAN: BTJPS5403E) in the matter of Securekloud Technologies Limited. This marks the successful conclusion of enforcement action against the defaulter, with dues recovered under the certificate now fulfilled.
Key Points
- Recovery Certificate No. 6713 of 2023 has been completed
- Defaulter: Babita Singaram with PAN: BTJPS5403E
- Matter relates to Securekloud Technologies Limited
- Enforcement action successfully concluded
- A corresponding Release Order (RC No. 6713 of 2023) was also issued on the same date
Regulatory Changes
No new regulatory changes introduced. This is a completion notice for existing recovery proceedings under SEBI’s enforcement framework.
Compliance Requirements
No additional compliance requirements for market participants. The recovery proceedings against the defaulter have been completed as per SEBI’s enforcement procedures under the SEBI Act.
Important Dates
- Recovery Certificate No. 6713 issued: 2023
- Completion Announcement Date: March 25, 2026
Impact Assessment
Limited market impact as this pertains to the completion of individual recovery proceedings against a specific defaulter. The successful completion demonstrates SEBI’s continued enforcement of regulatory compliance and recovery of dues from defaulters in the Securekloud Technologies Limited matter. This action is specific to the named individual and does not have broader market implications.
Impact Justification
Completion of individual recovery proceedings against a defaulter; limited broader market impact but demonstrates SEBI enforcement action in Securekloud Technologies matter