Description

SEBI notice of attachment issued on October 27, 2025, for bank and demat accounts of defaulter Shivakumar Gattai Kamballa (PAN: CUJPK5764Q) in the matter of Generic Engineering Construction and Projects Limited under Recovery Certificate No. 8920 of 2025 through Attachment Proceedings No. 14982 & 14983 of 2025.

Summary

SEBI has issued a Notice of Attachment under Attachment Proceedings No. 14982 and 14983 of 2025 dated October 27, 2025, against Shivakumar Gattai Kamballa (PAN: CUJPK5764Q), identified as a defaulter in the matter of Generic Engineering Construction and Projects Limited. The notice is issued pursuant to Recovery Certificate No. 8920 of 2025 and involves the attachment of bank accounts and demat accounts to recover outstanding dues.

Key Points

  • Defaulter: Shivakumar Gattai Kamballa (PAN: CUJPK5764Q)
  • Attachment Proceedings No.: 14982 & 14983 of 2025
  • Recovery Certificate No.: 8920 of 2025
  • Related Entity: Generic Engineering Construction and Projects Limited
  • Action Type: Attachment of bank accounts and demat accounts
  • Notice Date: October 27, 2025

Regulatory Changes

No new regulatory changes introduced. This is an enforcement action under existing SEBI recovery and attachment regulations.

Compliance Requirements

  • Banks and depositories holding accounts in the name of the defaulter must freeze the attached accounts as per the notice
  • The defaulter is required to settle outstanding dues as per Recovery Certificate No. 8920 of 2025
  • Financial institutions must comply with the attachment order and restrict transactions in the specified accounts

Important Dates

  • Notice Issue Date: October 27, 2025
  • Attachment Effective: As per notice dated October 27, 2025

Impact Assessment

This enforcement action has high impact on the named defaulter, Shivakumar Gattai Kamballa, as it restricts access to bank and demat accounts until recovery obligations are satisfied. The action is related to Generic Engineering Construction and Projects Limited, indicating possible non-compliance or outstanding obligations in relation to this entity. Market participants should note SEBI’s continued enforcement of recovery proceedings through account attachments. The action serves as a deterrent and demonstrates regulatory vigilance in recovering dues from defaulters.

Impact Justification

High severity enforcement action involving attachment of bank and demat accounts of a defaulter. Direct impact on the named individual and related to Generic Engineering Construction and Projects Limited. Medium market importance as it affects specific defaulter but high impact on involved parties due to account attachment.