Description
SEBI issues notice of demand for recovery certificate against Jayesh N Kavi in proceedings related to Jay Energy and S. Energies Limited.
Summary
SEBI has issued a Notice of Demand for Recovery Certificate No. 8935 of 2025 against Jayesh N Kavi in proceedings related to Jay Energy and S. Energies Limited. This notice is part of SEBI’s enforcement and recovery mechanism for outstanding dues or penalties.
Key Points
- Recovery Certificate No. 8935 of 2025 issued against Jayesh N Kavi
- Related to the matter of Jay Energy and S. Energies Limited
- Part of SEBI’s enforcement and debt recovery proceedings
- Notice of demand issued under recovery certificate provisions
Regulatory Changes
No new regulatory changes introduced. This is an enforcement action under existing SEBI recovery provisions.
Compliance Requirements
- Jayesh N Kavi is required to comply with the demand specified in the recovery certificate
- Non-compliance may lead to further enforcement actions including attachment of assets
- The defaulter must settle outstanding dues as per the recovery certificate
Important Dates
- Notice Date: October 28, 2025
- Recovery Certificate No.: 8935 of 2025
Impact Assessment
Direct Impact: High impact on Jayesh N Kavi and potentially on Jay Energy and S. Energies Limited, indicating unresolved compliance or financial obligations with SEBI.
Market Impact: Limited broader market impact, primarily affects the specific entities and individuals named in the recovery proceedings.
Enforcement Signal: Demonstrates SEBI’s active enforcement of recovery mechanisms against defaulters in securities market matters.
Impact Justification
Recovery certificate indicates enforcement action against individual in corporate matter, significant for involved parties but limited broader market impact