Description

SEBI issues release order dated 28.04.2026 for Recovery Certificate No. 1347 of 2017 against Tanvir Zaki (PAN: AABPZ0577A), indicating satisfaction of dues under the long-standing recovery certificate.

Summary

SEBI has issued a Release Order dated April 28, 2026 for Recovery Certificate (RC) No. 1347 of 2017 against Tanvir Zaki (PAN: AABPZ0577A). The release order signifies that the amounts due under the recovery certificate, which was originally issued in 2017, have been paid or otherwise satisfied, resulting in the formal closure of recovery proceedings against this individual.

Key Points

  • Recovery Certificate No. 1347 of 2017 has been released by SEBI
  • The order is against an individual: Tanvir Zaki (PAN: AABPZ0577A)
  • The release order is dated April 28, 2026, approximately nine years after the original RC was issued in 2017
  • A release order in SEBI’s enforcement framework indicates the amounts due under the recovery certificate have been paid or satisfied
  • Published under SEBI’s enforcement and recovery proceedings section

Regulatory Changes

No new regulatory changes are introduced by this order. It is an administrative closure of an existing enforcement action under SEBI’s recovery proceedings framework pursuant to satisfaction of dues under RC No. 1347 of 2017.

Compliance Requirements

  • Tanvir Zaki (PAN: AABPZ0577A) is released from obligations under Recovery Certificate No. 1347 of 2017 upon satisfaction of dues
  • No new compliance obligations arise from this release order for other market participants
  • This order signals the formal closure of the specific enforcement action against the named individual

Important Dates

  • Recovery Certificate No.: 1347 of 2017 (original RC issued in 2017)
  • Release Order Date: April 28, 2026
  • Published: April 28, 2026

Impact Assessment

This order has minimal direct market impact as it represents the conclusion of a long-standing enforcement action (originally initiated in 2017) against a specific individual. It has no implications for broader market participants or trading operations. The release confirms that Tanvir Zaki has satisfied the outstanding dues owed under the nearly nine-year-old recovery certificate. Investors and market intermediaries are unaffected by this administrative closure.

Impact Justification

Administrative release order indicating dues under RC No. 1347 of 2017 against an individual have been satisfied. Represents closure of a 2017-era enforcement action with no new market obligations or broader impact.