Description

SEBI issues a Notice of Demand under Recovery Certificate No. 9117 of 2026 dated May 18, 2026, to Ravindra Kumar Gupta HUF (PAN: AAJHR9187E) in the matter of ISO at BSE, directing recovery of dues from the defaulter.

Summary

SEBI has issued a Notice of Demand under Recovery Certificate No. 9117 of 2026, dated May 18, 2026, to Ravindra Kumar Gupta HUF (PAN: AAJHR9187E) in connection with the matter of ISO (Initial Subscription Offering) at BSE. The notice directs the defaulter to pay the outstanding dues as determined by SEBI’s recovery proceedings.

Key Points

  • Recovery Certificate No. 9117 of 2026 has been issued against Ravindra Kumar Gupta HUF (PAN: AAJHR9187E)
  • The defaulter is subject to a Notice of Demand dated May 18, 2026
  • The matter pertains to ISO (Initial Subscription Offering) at BSE
  • This is an enforcement action by SEBI’s Recovery Officer under the SEBI Act
  • The HUF entity is classified as a defaulter in SEBI’s records

Regulatory Changes

No new regulatory changes. This document represents the exercise of existing SEBI enforcement powers under the SEBI Act, 1992 and the SEBI (Recovery of Money) Regulations, enabling the Recovery Officer to issue Notices of Demand against defaulters.

Compliance Requirements

  • Ravindra Kumar Gupta HUF must comply with the Notice of Demand and pay the outstanding dues specified in Recovery Certificate No. 9117 of 2026
  • Failure to comply may result in attachment of assets, bank accounts, and other properties of the defaulter
  • The defaulter may approach SEBI or the designated authority for any objections or payment arrangements within the stipulated timeframe

Important Dates

  • Recovery Certificate Date: May 18, 2026
  • Notice of Demand issued: May 18, 2026

Impact Assessment

This notice has no broad market impact. It is a targeted enforcement/recovery action against a single HUF entity (Ravindra Kumar Gupta HUF) in connection with dues arising from an ISO matter at BSE. The action is consistent with SEBI’s routine enforcement of recovery certificates against individual defaulters. No systemic risk or market-wide implications are associated with this notice.

Impact Justification

Routine SEBI enforcement/recovery action against a specific individual defaulter (HUF entity) relating to ISO at BSE; no broad market impact but high severity for the named party.