NEW DELHI: Capital markets regulator Sebi has segregated dues to the tune of Rs 76,293 crore underneath troublesome to recover (DTR) class on the finish of March 2024, marking a rise of 4% from the previous yr. Of this, an enormous chunk is on account of circumstances pending earlier than court-appointed committees.
Difficult to recover (DTR) dues are people who couldn’t be recovered even after exhausting all modes of restoration.
“Segregation of such DTR dues is purely an administrative act and this will not preclude the recovery officers from recovering the amount so segregated as DTR as and when there is a change in any of the DTR parameters,” Sebi stated in its annual report for 2023-24.
As of March 31, 2024, Sebi recognized 807 circumstances as DTR, with a complete excellent of Rs 76,293 crore, up from 692 circumstances amounting to Rs 73,287 crore the earlier yr, in accordance to the report. Among these 807 circumstances, 36 are pending due to ongoing proceedings in State PID courts, National Company Law Tribunal (NCLT), National Company Law Appellate Tribunal (NCLAT) involving Rs 12,199 crore.
Additionally, 60 circumstances are earlier than court-appointed committees, with Rs 59,970 crore at stake. These two classes collectively account for 95% of the full quantity but to be recovered. With regard to 140 DTR certificates falling underneath untraceable class, 131 relate to people and 9 relate to firms amounting to Rs 13.3 crore and Rs 15.7 crore, respectively.
The Sebi has been disseminating knowledge on the composition of inauspicious to recover circumstances from 2021-22 onwards by means of its annual report so as to improve transparency of its enforcement proceedings. The markets regulator stated a complete of 6,781 restoration certificates have been generated until March 31, 2024, of which 3,871 restoration certificates have been pending as on March 31, 2024. Overall, the markets watchdog has dues worth Rs 1 lakh crore that wants to be recovered from entities, together with people who failed to pay the high quality imposed on them, or have been unable to pay the charges due to it and didn’t adjust to its course to refund traders’ cash.
“Of total amount of Rs 1,02,831 crore to be recovered, Rs 63,206 crore (which is 61.5% of total amount due) pertains to CIS (Collective Investment Scheme)/DPI (Deemed Public Issue) matters of PACL and Sahara India Commercial Corporation Ltd, respectively,” Sebi stated.
Difficult to recover (DTR) dues are people who couldn’t be recovered even after exhausting all modes of restoration.
“Segregation of such DTR dues is purely an administrative act and this will not preclude the recovery officers from recovering the amount so segregated as DTR as and when there is a change in any of the DTR parameters,” Sebi stated in its annual report for 2023-24.
As of March 31, 2024, Sebi recognized 807 circumstances as DTR, with a complete excellent of Rs 76,293 crore, up from 692 circumstances amounting to Rs 73,287 crore the earlier yr, in accordance to the report. Among these 807 circumstances, 36 are pending due to ongoing proceedings in State PID courts, National Company Law Tribunal (NCLT), National Company Law Appellate Tribunal (NCLAT) involving Rs 12,199 crore.
Additionally, 60 circumstances are earlier than court-appointed committees, with Rs 59,970 crore at stake. These two classes collectively account for 95% of the full quantity but to be recovered. With regard to 140 DTR certificates falling underneath untraceable class, 131 relate to people and 9 relate to firms amounting to Rs 13.3 crore and Rs 15.7 crore, respectively.
The Sebi has been disseminating knowledge on the composition of inauspicious to recover circumstances from 2021-22 onwards by means of its annual report so as to improve transparency of its enforcement proceedings. The markets regulator stated a complete of 6,781 restoration certificates have been generated until March 31, 2024, of which 3,871 restoration certificates have been pending as on March 31, 2024. Overall, the markets watchdog has dues worth Rs 1 lakh crore that wants to be recovered from entities, together with people who failed to pay the high quality imposed on them, or have been unable to pay the charges due to it and didn’t adjust to its course to refund traders’ cash.
“Of total amount of Rs 1,02,831 crore to be recovered, Rs 63,206 crore (which is 61.5% of total amount due) pertains to CIS (Collective Investment Scheme)/DPI (Deemed Public Issue) matters of PACL and Sahara India Commercial Corporation Ltd, respectively,” Sebi stated.
