Description
SEBI issues Notice of Attachment under Recovery Certificate No. 8921 of 2025 against Kuber Udyog Limited in relation to Generic Engineering Construction and Project Limited.
Summary
SEBI has issued a Notice of Attachment dated October 27, 2025, under Recovery Certificate No. 8921 of 2025 drawn against Kuber Udyog Limited in connection with the matter of Generic Engineering Construction and Project Limited. This notice represents formal recovery proceedings initiated by SEBI to attach assets for outstanding dues.
Key Points
- Recovery Certificate No. 8921 of 2025 issued against Kuber Udyog Limited
- Notice issued on October 27, 2025
- Related to the matter of Generic Engineering Construction and Project Limited
- Represents enforcement action for recovery of outstanding amounts
- Assets of Kuber Udyog Limited may be attached as part of recovery proceedings
Regulatory Changes
No new regulatory changes. This is an enforcement action under existing SEBI recovery provisions.
Compliance Requirements
- Kuber Udyog Limited must comply with the attachment notice
- Any person or entity holding assets of Kuber Udyog Limited must comply with SEBI’s attachment orders
- Third parties are prohibited from transferring or dealing with attached assets
- Non-compliance may result in additional penalties
Important Dates
- Notice Date: October 27, 2025
- Recovery Certificate No: 8921 of 2025
Impact Assessment
High Impact: This notice of attachment represents serious enforcement action by SEBI. The attachment of assets significantly impacts Kuber Udyog Limited’s ability to conduct business and manage its financial affairs. This action is taken when an entity fails to pay outstanding dues, penalties, or disgorgement amounts ordered by SEBI. The matter involves Generic Engineering Construction and Project Limited, indicating potential regulatory violations or non-compliance issues. Stakeholders, creditors, and business partners of Kuber Udyog Limited should be aware of this enforcement action as it may affect the company’s financial capacity and operational capabilities.
Impact Justification
Notice of attachment under recovery proceedings is a serious enforcement action indicating outstanding dues/penalties that affects the entity's assets and financial standing