Description

SEBI Recovery Officer issues Notice of Attachment dated February 25, 2026 against Dhiraj Kumar Jaiswal under Recovery Certificate No. 4391 of 2021 arising from enforcement action in the matter of GDR issue of CAT Technologies Limited.

Summary

SEBI’s Recovery Officer has issued a Notice of Attachment dated February 25, 2026 against Dhiraj Kumar Jaiswal pursuant to Recovery Certificate No. 4391 of 2021. The action arises from enforcement proceedings in the matter of the Global Depository Receipt (GDR) issue of CAT Technologies Limited, directing attachment of the respondent’s assets/properties to recover outstanding dues.

Key Points

  • Notice of Attachment issued by SEBI Recovery Officer on February 25, 2026
  • Recovery Certificate No. 4391 of 2021 forms the legal basis for this attachment
  • Action directed against Dhiraj Kumar Jaiswal
  • Pertains to the GDR issue of CAT Technologies Limited
  • Attachment order targets assets/properties of the named individual to satisfy outstanding dues
  • Part of SEBI’s ongoing recovery proceedings under the SEBI Act and Recovery of Debts laws

Regulatory Changes

No new regulatory changes introduced. This is an enforcement/recovery action under existing SEBI recovery proceedings framework.

Compliance Requirements

  • Dhiraj Kumar Jaiswal is required to comply with the attachment order
  • Any bank, financial institution, or third party holding assets of the respondent must give effect to the attachment notice
  • Attached assets cannot be transferred, disposed of, or encumbered by the respondent until the dues are cleared or the order is vacated

Important Dates

  • Recovery Certificate Issued: 2021 (RC No. 4391 of 2021)
  • Notice of Attachment Dated: February 25, 2026

Impact Assessment

This order has no broad market impact. It is a targeted enforcement/recovery action against a specific individual (Dhiraj Kumar Jaiswal) in connection with the CAT Technologies GDR issue, which was a historical SEBI enforcement matter. The GDR manipulation cases involving CAT Technologies are part of a broader series of actions SEBI has taken against entities alleged to have misused the GDR route. Market participants and investors in general are not affected by this order.

Impact Justification

Routine SEBI enforcement/recovery action targeting a specific individual for dues under a 2021 recovery certificate related to CAT Technologies GDR manipulation. No broad market or regulatory policy impact; affects only the named party.