Description
SEBI issues Notice of Attachment (AP No. 14980 & 14981 of 2025) against Arun Ramachandra Gole under Recovery Certificate No. 8919 of 2025 in the matter of Generic Engineering Construction and Projects Limited.
Summary
SEBI has issued a Notice of Attachment (AP No. 14980 & 14981 of 2025) dated October 27, 2025, against Arun Ramachandra Gole (PAN: AMYPG6141Q), who has been identified as a defaulter in the matter of Generic Engineering Construction and Projects Limited. This action is taken under Recovery Certificate No. 8919 of 2025 for the attachment of bank accounts and demat accounts.
Key Points
- Defaulter: Arun Ramachandra Gole (PAN: AMYPG6141Q)
- Attachment Proceedings: AP No. 14980 & 14981 of 2025
- Recovery Certificate: No. 8919 of 2025
- Related Company: Generic Engineering Construction and Projects Limited
- Date of Notice: October 27, 2025
- Action: Attachment of bank accounts and demat accounts
Regulatory Changes
No regulatory changes. This is an enforcement action under existing SEBI recovery procedures.
Compliance Requirements
Banks and depositories are required to comply with the attachment order and freeze the specified accounts of the defaulter as per SEBI’s directions.
Important Dates
- October 27, 2025: Date of Notice of Attachment
Impact Assessment
This is an individual enforcement action with limited market-wide impact. The attachment of accounts is a recovery mechanism for outstanding dues in the matter of Generic Engineering Construction and Projects Limited. Market participants are not directly affected unless they have dealings with the named defaulter.
Impact Justification
Enforcement action against individual defaulter with limited market-wide impact