Omnivore India Capital Trust and its advisor paid a settlement fee after missing the winding-up deadline by eight months, Sebi order showed.Omnivore India Capital Trust and Omnivore Capital Management Advisors have settled a regulatory case with Sebi by paying Rs 14.62 lakh over delays in winding up a venture capital fund, according to a settlement order passed on Wednesday, PTI reported.The matter pertains to a breach of Venture Capital Fund norms and Alternative Investment Fund rules, following an eight-month delay in liquidating the fund’s investments after its maximum permitted tenure expired.Sebi noted that the fund’s final close was on January 16, 2014, and its maximum allowed duration — after two extensions — ended on January 16, 2024. Regulations required the fund to complete its winding-up process within three months, by April 15, 2024.However, the actual winding-up happened on December 3, 2024, which Sebi said violated regulatory timelines. The fund had notified Sebi and its investors of its intention to wind up on January 16, 2024.The entities filed a settlement application proposing to resolve the issue without admitting guilt. Upon payment of Rs 14.62 lakh, Sebi stated it would not initiate any enforcement action on the matter. The details were released by the regulator through a settlement order.The fund was originally registered with Sebi on June 1, 2011, and marked its initial and final close in April 2012 and January 2014, respectively.