Description
SEBI issues Notice of Demand dated 09.10.2025 under Recovery Certificate No. 8917 of 2025 against Subhash Vithoba Dongre in the matter of Generic Engineering Construction and Projects Limited for outstanding dues.
Summary
SEBI has issued a Notice of Demand dated October 9, 2025, under Recovery Certificate No. 8917 of 2025 against Subhash Vithoba Dongre in connection with the matter of Generic Engineering Construction and Projects Limited. This notice is part of SEBI’s enforcement and recovery proceedings to collect outstanding dues from defaulters.
Key Points
- Recovery Certificate No. 8917 of 2025 issued against Subhash Vithoba Dongre
- Notice issued on October 9, 2025
- Matter relates to Generic Engineering Construction and Projects Limited
- Part of SEBI’s ongoing recovery and enforcement actions
- Legal demand for payment of outstanding amounts
Regulatory Changes
No regulatory changes. This is an enforcement action under existing recovery provisions.
Compliance Requirements
- Subhash Vithoba Dongre must comply with the demand notice
- Payment of outstanding dues as specified in the Recovery Certificate
- Failure to comply may result in further enforcement actions including attachment of assets
Important Dates
- Notice Date: October 9, 2025
- Recovery Certificate No.: 8917 of 2025
- Payment deadline as specified in the notice document
Impact Assessment
Market Impact: Minimal. This is an individual enforcement action with no broader market implications.
Operational Impact: Limited to the named individual (Subhash Vithoba Dongre) and the specific case of Generic Engineering Construction and Projects Limited. No impact on market participants or trading operations.
Compliance Impact: Demonstrates SEBI’s continued focus on enforcement and recovery of dues from defaulters, reinforcing regulatory accountability.
Impact Justification
Individual recovery notice with limited market-wide impact. Affects only the named defaulter and specific case proceedings.