Description
SEBI has issued a Notice of Demand under Recovery Certificate No. 8921 of 2025 drawn against Kuber Udyog Limited in the matter of Generic Engineering Construction and Projects Limited.
Summary
SEBI has issued a Notice of Demand dated October 9, 2025, under Recovery Certificate No. 8921 of 2025 against Kuber Udyog Limited 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 dues as per regulatory orders.
Key Points
- Recovery Certificate Number: RC No. 8921 of 2025
- Entity Against Whom Demand is Raised: Kuber Udyog Limited
- Related Matter: Generic Engineering Construction and Projects Limited
- Notice Date: October 9, 2025
- Document Type: Notice of Demand under recovery proceedings
Regulatory Changes
No new regulatory changes introduced. This is an enforcement action under existing SEBI recovery framework.
Compliance Requirements
- Kuber Udyog Limited is required to comply with the demand raised in the recovery certificate
- Non-compliance may lead to further enforcement actions including attachment of assets and bank accounts
- The entity must settle outstanding dues as specified in the recovery certificate
- Failure to respond may result in coercive recovery measures by SEBI
Important Dates
- Notice Issue Date: October 9, 2025
- Recovery Certificate Number: 8921 of 2025
- Payment deadline and other specific dates would be mentioned in the detailed notice
Impact Assessment
Market Impact: High - Recovery proceedings against entities signal serious regulatory violations and may affect investor confidence in the companies involved.
Entity Impact: Critical for Kuber Udyog Limited - The company faces mandatory compliance with recovery demands, potential asset attachment, and reputational damage.
Operational Impact: The recovery proceedings may restrict the company’s operational flexibility and financial resources until the matter is resolved.
Investor Consideration: Investors in Kuber Udyog Limited and Generic Engineering Construction and Projects Limited should monitor developments closely as recovery proceedings may impact business operations and financial stability.
Impact Justification
Recovery proceedings initiated against company indicate serious regulatory violations requiring immediate compliance action