Now Reading: SEBI recovers Rs 1.12 crore from Prabhjeet Singh Chawla
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SEBI recovers Rs 1.12 crore from Prabhjeet Singh Chawla
Markets regulator SEBI has completed recovery proceedings against Prabhjeet Singh Chawla, executing Recovery Certificate No. RC9216 of 2026 for Rs 1.12 crore. The action stems from an investigation into illiquid stock options…
The Story in Brief
Markets regulator SEBI has completed recovery proceedings against Prabhjeet Singh Chawla, executing Recovery Certificate No. RC9216 of 2026 for Rs 1.12 crore. The action stems from an investigation into illiquid stock options trading.
SEBI’s recovery order, issued under the Securities and Exchange Board of India Act, covers dues along with interest and costs. The regulator had earlier found Chawla involved in manipulative trades that distorted option premiums on the BSE.
The Indian Opinion
SEBI’s recovery from Chawla is one more tally in its long-running crackdown on stock-option manipulation. But with crores still stuck in appeals and default, the real test is how fast the regulator can turn orders into cash. Will the next big penalty actually reach the government’s kitty? The numbers will tell.
Source: sebi.gov.in
This story was synthesised by AI from the source linked above.
