Description
SEBI issues notice of demand for recovery certificate against Pinal Rajeshbhai Mehta in the matter of Jay Energy and S. Energies Limited.
Summary
SEBI has issued a Notice of Demand for Recovery Certificate No. 8934 of 2025 against Pinal Rajeshbhai Mehta in connection with the matter of Jay Energy and S. Energies Limited. This notice is part of SEBI’s enforcement actions to recover outstanding dues from defaulters.
Key Points
- Recovery Certificate No. 8934 of 2025 has been issued
- Notice is directed against Pinal Rajeshbhai Mehta
- Related to the matter of Jay Energy and S. Energies Limited
- Part of SEBI’s debt recovery and enforcement proceedings
Regulatory Changes
No new regulatory changes. This is an enforcement action under existing recovery mechanisms.
Compliance Requirements
- Pinal Rajeshbhai Mehta is required to comply with the demand notice
- Payment of outstanding dues as specified in the recovery certificate
- Failure to comply may result in further enforcement actions including attachment of assets
Important Dates
- Notice Date: October 28, 2025
- Recovery Certificate No.: 8934 of 2025
Impact Assessment
This notice has limited market-wide impact as it pertains to enforcement action against a specific individual. However, it demonstrates SEBI’s continued efforts to enforce compliance and recover dues from defaulters. The notice serves as a warning to other market participants about the consequences of non-compliance with SEBI directives and orders.
Impact Justification
Recovery notice against specific individual for non-payment of dues; limited market-wide impact but high severity for the named defaulter