SEBI Flags Rs 76,293 Crore In Dues As 'Difficult to Recover'
4 months ago

SEBI Flags Rs 76,293 Crore In Dues As 'Difficult to Recover'

News 18  

Capital markets regulator Sebi has segregated dues to the tune of Rs 76,293 crore under “difficult to recover” category at the end of March 2024, marking an increase of 4 per cent from the preceding year. As of March 31, 2024, Sebi identified 807 cases as DTR, with a total outstanding of Rs 76,293 crore, up from 692 cases amounting to Rs 73,287 crore the previous year, according to the report. Among these 807 cases, 36 are pending due to ongoing proceedings in State PID courts, National Company Law Tribunal, National Company Law Appellate Tribunal involving Rs 12,199 crore. “Of the total amount of Rs 1,02,830.75 crore to be recovered, Rs 63,206 crore pertains to CIS /DPI matters of PACL Ltd and Sahara India Commercial Corporation Ltd, respectively,” Sebi said.

Law Cases Crore Sebi Recover Dtr Securities Law  cases  investigation  law  dues  markets  difficult  76293  dtr  flags  recover  securities  total  sebi  crore  rs

History of this topic

SEBI Imposes Rs 11 Lakh Fine On IIFL Securities For Compliance Failures
3 months, 4 weeks ago

SEBI Imposes Rs 11 Lakh Fine On IIFL Securities For Compliance Failures

Live Law  

The Securities and Exchange Board of India has levied a fine of Rs 11 lakh on IIFL Securities Limited for breaches of various regulatory guidelines under the Securities Contracts Rules and associated SEBI circulars. The SEBI order highlighted that IIFL Securities violated multiple provisions related to margin trading and client fund management. The broker was found to have transferred securities …

Sebi unable to recover Rs 76,293 crore dues, says annual report
4 months, 1 week ago

Sebi unable to recover Rs 76,293 crore dues, says annual report

New Indian Express  

MUMBAI: The Securities and Exchange Board said that is facing difficulties in recovering the dues to the tune of Rs 76,293 crore as of March 2024, which is more than four per cent from the previous year. The number of pending appeals in the Securities Appellate Tribunal has also risen from 749 to 849 in FY24, says the annual report, …

Sebi recovers ₹6.57 crore dues from Sahara Group, its chief Subrata Roy
1 year, 8 months ago

Sebi recovers ₹6.57 crore dues from Sahara Group, its chief Subrata Roy

Live Mint  

Markets regulator Sebi on Tuesday said it has recovered pending dues worth ₹6.57 crore from Sahara India Real Estate Corporation, its chief Subrata Roy, and others in the case pertaining to flouting norms in issuance of optionally fully convertible debentures. "In view of the payment of the amount of ₹6.57 crore due under the certificate, the said certificate is hereby …

SEBI to Reward Informants up to Rs 5 Lakh for Information on Defaulters
1 year, 11 months ago

SEBI to Reward Informants up to Rs 5 Lakh for Information on Defaulters

The Quint  

How does SEBI initiate the recovery procedure? However, there are several cases where SEBI has issued these recovery certificates but has not been able to collect the fines. According to SEBI data, there are 446 cases where defaulters are untraceable, or the companies are not functional or there is a lack of information regarding attachable assets. The value of recovery …

Sebi Imposes Rs 7-Crore Fine on NSE, Rs 5 Cr Each on Chitra Ramkrishna, Ravi Narain in 'Dark Fibre' Case
2 years, 5 months ago

Sebi Imposes Rs 7-Crore Fine on NSE, Rs 5 Cr Each on Chitra Ramkrishna, Ravi Narain in 'Dark Fibre' Case

News 18  

New Delhi: Capital markets regulator Sebi has penalised total 18 entities, including National Stock Exchange and its former chiefs Chitra Ramkrishna and Ravi Narain in the ‘dark fibre’ case. The case relates to the alleged differential access given to certain broking firms in the form of ‘dark fibre’ at NSE, to connect across the colocation facilities before other members. “W2W …

SEBI probed 94 new cases for flouting securities law in FY21
3 years, 4 months ago

SEBI probed 94 new cases for flouting securities law in FY21

India TV News  

As many as 94 fresh cases pertaining to flouting of securities norms were taken up for investigation by the Securities and Exchange Board of India in 2020-21, marking a decline of 42 per cent from the preceding financial year, as per the regulator's latest annual report. "During 2020-21, 94 new cases were taken up for investigation and 140 cases completed …

Discover Related