Now Reading: SEBI completes recovery from two in illiquid stock options case
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SEBI completes recovery from two in illiquid stock options case
SEBI has completed recovery proceedings against Prabhjeet Singh Chawla and Kamlesh Ahuja in the matter of dealings in illiquid stock options at BSE. The regulator issued Recovery Certificate No. RC9216 of 2026…
The Story in Brief
SEBI has completed recovery proceedings against Prabhjeet Singh Chawla and Kamlesh Ahuja in the matter of dealings in illiquid stock options at BSE. The regulator issued Recovery Certificate No. RC9216 of 2026 for Chawla and Recovery Certificate No. 8037 of 2024 for Ahuja. The enforcement action was recorded on August 10, 2026.
Both individuals had been identified as defaulters in the case. The recovery certificates were part of SEBI's long-running enforcement against alleged manipulation in illiquid stock options at the Bombay Stock Exchange. The notices include the PAN numbers of the two persons but do not disclose the amounts recovered or any further details.
The Indian Opinion
The narrative that market regulators are toothless or slow gets a small counter here. SEBI has actually completed recovery proceedings against two individuals in the illiquid stock options matter, even if years after the alleged violations. The test will be whether the recovered money reaches the investors who lost out. More importantly, how many such recovery certificates remain pending? The public needs a clear tally, not just press releases.
Sources (2): sebi.gov.in, sebi.gov.in (2)
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
