Description
SEBI cancels Recovery Certificate No. RC9001 of 2026 issued against Sat Devi (PAN: AAPPV5401P) in the matter of Illiquid Stock Options, indicating settlement or recovery of dues.
Summary
SEBI has cancelled Recovery Certificate No. RC9001 of 2026 issued against Sat Devi (PAN: AAPPV5401P) in the matter of Illiquid Stock Options. The cancellation indicates that the outstanding dues under the recovery certificate have been settled or the basis for recovery no longer subsists.
Key Points
- Recovery Certificate No. RC9001 of 2026 stands cancelled
- Certificate was issued against Sat Devi (PAN: AAPPV5401P)
- Matter pertains to SEBI’s enforcement action in Illiquid Stock Options
- Cancellation signifies closure of the recovery proceedings against this individual
Regulatory Changes
No broader regulatory changes. This is an administrative order specific to the named individual, cancelling a previously issued recovery certificate under SEBI’s enforcement machinery.
Compliance Requirements
No new compliance requirements for market participants. This order is directed solely at the named individual (Sat Devi, PAN: AAPPV5401P) and concludes the recovery action against them.
Important Dates
- Order Date: March 30, 2026
- Recovery Certificate cancelled: RC9001 of 2026
Impact Assessment
Minimal market impact. This is a routine administrative closure of an individual enforcement/recovery action stemming from the broader illiquid stock options case. No impact on trading, market operations, or other market participants.
Impact Justification
Administrative cancellation of a recovery certificate against an individual in the illiquid stock options matter; no market-wide impact, affects only the named individual.