Description
SEBI has issued a completion order for Recovery Certificate No. 7461 of 2023 issued against Subrata Kumar Dey in the matter of Excel Realty N Infra Limited, indicating the recovery of dues has been fulfilled.
Summary
SEBI has issued a Completion Order for Recovery Certificate No. 7461 of 2023, which was previously issued against Subrata Kumar Dey in the matter of Excel Realty N Infra Limited. The completion order signifies that the outstanding dues or penalties owed have been successfully recovered or the obligations under the recovery certificate have been fulfilled.
Key Points
- Recovery Certificate No. 7461 of 2023 has been marked as complete.
- The certificate was issued against Subrata Kumar Dey.
- The matter pertains to Excel Realty N Infra Limited.
- SEBI’s recovery mechanism under this certificate has concluded.
- The order is dated March 25, 2026.
Regulatory Changes
No new regulatory changes are introduced by this order. It is an administrative closure of an existing enforcement action under a recovery certificate.
Compliance Requirements
No further compliance action is required from market participants. The obligations under Recovery Certificate No. 7461 of 2023 have been discharged. Subrata Kumar Dey’s dues/penalties related to the Excel Realty N Infra Limited matter have been fully recovered.
Important Dates
- Recovery Certificate No. 7461 of 2023 originally issued: 2023
- Completion Order Date: March 25, 2026
Impact Assessment
This order has minimal market impact as it is a routine administrative closure confirming that dues under a previously issued recovery certificate have been recovered. It does not impose new obligations on any market participant and signals the conclusion of enforcement proceedings against Subrata Kumar Dey in connection with Excel Realty N Infra Limited.
Impact Justification
This is an administrative completion order confirming dues recovery under a previously issued recovery certificate. It has no forward-looking regulatory or market impact.