General Remittance Order – RC No. 4391 of 2021 Against Dhiraj Kumar Jaiswal in GDR Issue of CAT Technologies Limited

Description

SEBI issues a General Remittance Order dated April 21, 2026 under Recovery Certificate No. 4391 of 2021 against Dhiraj Kumar Jaiswal (PAN ACLPJ8528K) in connection with the GDR issue of CAT Technologies Limited, directing remittance of dues to SEBI.

Summary

SEBI has issued a General Remittance Order dated April 21, 2026 under Recovery Certificate No. 4391 of 2021 against Dhiraj Kumar Jaiswal (PAN: ACLPJ8528K). The order relates to the matter of the GDR (Global Depositary Receipt) issue of CAT Technologies Limited and directs the remittance of outstanding dues payable to SEBI.

Key Points

• General Remittance Order issued on April 21, 2026 by SEBI’s recovery proceedings mechanism
• Issued under Recovery Certificate (RC) No. 4391 of 2021 against Dhiraj Kumar Jaiswal (PAN: ACLPJ8528K)
• Pertains to the matter of the GDR issue of CAT Technologies Limited
• The order directs banks/financial institutions holding accounts of the defaulter to remit funds to SEBI in satisfaction of the outstanding recovery amount
• Recovery Certificate was originally issued in 2021; this remittance order represents a further enforcement step

Regulatory Changes

No new regulatory changes. This is an enforcement action under SEBI’s existing recovery and enforcement framework.

Compliance Requirements

• Banks and financial institutions holding accounts of Dhiraj Kumar Jaiswal are directed to comply with the remittance order
• The named individual (Dhiraj Kumar Jaiswal, PAN: ACLPJ8528K) is required to satisfy the outstanding dues as specified under RC No. 4391 of 2021
• Non-compliance with a SEBI remittance order may attract further enforcement action

Important Dates

• Recovery Certificate No. 4391 issued: 2021
• General Remittance Order issued: April 21, 2026

Impact Assessment

This order has limited broader market impact and is directed at a specific individual in connection with the GDR issue of CAT Technologies Limited. It reflects SEBI’s ongoing enforcement of recovery proceedings originating from 2021. Investors and market participants at large are not directly affected. The action underscores SEBI’s continued pursuit of outstanding dues even years after the initial recovery certificate is issued.

Impact Justification

Individual enforcement/recovery action against a named person under an existing 2021 recovery certificate; limited broader market impact but significant for the subject and related proceedings.