Description
SEBI issues Notice of Demand under Recovery Certificate No. 8916 of 2025 against Moglesh Chanappa Koni in relation to Generic Engineering Construction and Projects Limited
Summary
The Securities and Exchange Board of India (SEBI) has issued a Notice of Demand dated October 9, 2025, under Recovery Certificate No. 8916 of 2025 against Moglesh Chanappa Koni in the matter relating to Generic Engineering Construction and Projects Limited. This notice represents SEBI’s formal debt recovery proceedings.
Key Points
- Recovery Certificate No. 8916 of 2025 issued against Moglesh Chanappa Koni
- Notice of Demand dated October 9, 2025
- Matter relates to Generic Engineering Construction and Projects Limited
- Indicates formal debt recovery proceedings by SEBI
- Part of SEBI’s enforcement and recovery mechanism
Regulatory Changes
No new regulatory changes introduced. This is an enforcement action under existing SEBI recovery procedures.
Compliance Requirements
- Moglesh Chanappa Koni is required to respond to the Notice of Demand
- Payment of outstanding amounts as determined by the Recovery Certificate
- Compliance with recovery proceedings as per SEBI regulations
- Failure to comply may lead to further enforcement measures including asset attachment
Important Dates
- Notice Date: October 9, 2025
- Recovery Certificate No.: 8916 of 2025
Impact Assessment
High Impact:
This Notice of Demand represents serious enforcement action by SEBI against an individual in connection with Generic Engineering Construction and Projects Limited. Recovery certificates are issued when SEBI seeks to recover amounts due, typically following adjudication orders, penalties, or other financial liabilities.
The issuance of such notices indicates:
- Formal debt recovery proceedings have been initiated
- The individual has outstanding liabilities to SEBI
- Non-compliance may result in asset attachment, prosecution, or other coercive measures
- This action may affect the individual’s ability to operate in securities markets
Investors and market participants should note that this is part of SEBI’s ongoing enforcement efforts to ensure compliance and recover dues from entities and individuals who have violated securities regulations.
Impact Justification
This is a high-severity enforcement action involving a Recovery Certificate and Notice of Demand issued against an individual (Moglesh Chanappa Koni) in connection with Generic Engineering Construction and Projects Limited. Recovery certificates indicate SEBI's formal debt recovery proceedings, typically following adjudication orders or penalty impositions. This represents serious regulatory enforcement action with significant legal and financial implications for the concerned individual.