Description

SEBI issues notice of attachment of assets under Recovery Certificate No. 8917 of 2025 against Subhash Vithoba Dongre in connection with Generic Engineering Construction and Project Limited proceedings.

Summary

SEBI has issued a Notice of Attachment dated 27 October 2025 under Recovery Certificate No. 8917 of 2025 against Subhash Vithoba Dongre in connection with proceedings related to Generic Engineering Construction and Project Limited. This notice pertains to enforcement and recovery actions initiated by SEBI.

Key Points

  • Recovery Certificate Number: RC No. 8917 of 2025
  • Notice Date: 27 October 2025
  • Individual Affected: Subhash Vithoba Dongre
  • Related Entity: Generic Engineering Construction and Project Limited
  • Action Type: Notice of Attachment of assets
  • Issued by: Securities and Exchange Board of India (SEBI)

Regulatory Changes

No new regulatory changes are introduced by this notice. This is an enforcement action under existing SEBI recovery and attachment provisions.

Compliance Requirements

  • Subhash Vithoba Dongre must comply with the attachment notice provisions
  • Assets identified in the notice are subject to attachment proceedings
  • The individual must respond to the recovery certificate proceedings as per SEBI directions
  • Any dealings with attached assets may be restricted as per the notice terms

Important Dates

  • 27 October 2025: Date of Notice of Attachment issuance

Impact Assessment

High Impact: This notice represents significant enforcement action by SEBI involving asset attachment proceedings. Such actions typically indicate:

  • Serious compliance violations or financial irregularities in relation to Generic Engineering Construction and Project Limited
  • Active recovery proceedings by SEBI to enforce previous orders or demands
  • Potential restrictions on the individual’s financial assets and dealings
  • Demonstrates SEBI’s continued focus on enforcement and recovery in securities market violations

The attachment notice is part of SEBI’s enforcement mechanism to recover dues or penalties, indicating escalated regulatory action against the named individual in connection with the specified entity.

Impact Justification

High severity enforcement action involving asset attachment under recovery proceedings, indicating serious compliance violations and financial recovery efforts by SEBI