Description

SEBI issues release order for Recovery Certificate No. 6713 of 2023 against Babita Singaram (PAN: BTJPS5403E) in the matter of Securekloud Technologies Limited, formally releasing attachments following completion of recovery proceedings.

Summary

SEBI has issued a release order for Recovery Certificate No. 6713 of 2023, which was issued against Babita Singaram (PAN: BTJPS5403E) in the matter of Securekloud Technologies Limited. This release order formally discharges and releases any attachments or encumbrances placed on the defaulter’s assets following the successful completion of recovery proceedings under the certificate.

Key Points

  • Release Order issued for Recovery Certificate No. 6713 of 2023
  • Defaulter: Babita Singaram (PAN: BTJPS5403E)
  • Matter relates to Securekloud Technologies Limited
  • Release order issued in conjunction with the Completion of Recovery Certificate No. 6713 of 2023 on the same date (March 25, 2026)
  • Attached assets of the defaulter are formally released following satisfaction of dues

Regulatory Changes

No new regulatory changes introduced. This is a release order under SEBI’s enforcement and recovery framework, formally concluding the attachment proceedings initiated under Recovery Certificate No. 6713 of 2023.

Compliance Requirements

No additional compliance requirements for market participants. The release order serves to formally discharge the recovery certificate and release any attached properties or assets of the defaulter upon satisfaction of dues owed to SEBI.

Important Dates

  • Recovery Certificate No. 6713 issued: 2023
  • Release Order Date: March 25, 2026
  • Completion of Recovery Certificate: March 25, 2026

Impact Assessment

Minimal market impact. This release order is specific to an individual defaulter (Babita Singaram) in the Securekloud Technologies Limited enforcement matter and represents the final step in SEBI’s recovery proceedings. The issuance of both a completion notice and a release order on the same date indicates the full resolution of this enforcement action. No broader market or regulatory implications are expected.

Impact Justification

Release order concluding individual recovery proceedings; issued alongside completion order for RC No. 6713 of 2023, with no broader market implications