Description
SEBI issues General Remittance Order for recovery proceedings against Laxman Dhananjay Gunde (PAN: AMAPG3827H) in connection with Generic Engineering Construction and Projects Limited.
Summary
SEBI has issued a General Remittance Order dated December 02, 2025, under Recovery Certificate No. 8918 of 2025. The order is issued against Laxman Dhananjay Gunde (PAN: AMAPG3827H) in the matter of Generic Engineering Construction and Projects Limited. This represents continuation of SEBI’s enforcement and recovery actions.
Key Points
- Recovery Certificate No. 8918 of 2025 issued against Laxman Dhananjay Gunde
- PAN of individual: AMAPG3827H
- Related to Generic Engineering Construction and Projects Limited matter
- Order type: General Remittance Order
- Issued by SEBI under recovery proceedings
Regulatory Changes
No new regulatory changes introduced. This is an enforcement action under existing SEBI recovery mechanisms.
Compliance Requirements
- The individual named in the recovery certificate must comply with the remittance order
- Payment/recovery obligations as specified in the order must be fulfilled
- Non-compliance may lead to further enforcement actions including attachment of assets
Important Dates
- Order Date: December 02, 2025
- Recovery Certificate No.: 8918 of 2025
Impact Assessment
Market Impact: Low - This is an individual enforcement action with no direct market-wide implications.
Operational Impact: High for the individual concerned and related parties. The General Remittance Order is part of SEBI’s debt recovery process and indicates ongoing enforcement proceedings against Laxman Dhananjay Gunde in connection with Generic Engineering Construction and Projects Limited. This demonstrates SEBI’s continued focus on recovery of dues in enforcement matters.
Impact Justification
Recovery order against specific individual; limited broader market impact but significant for parties involved in enforcement proceedings