SEBI's Recovery Challenges: Dues Hit Rs 76,293 Crore
The Securities and Exchange Board of India (SEBI) has classified Rs 76,293 crore worth of dues as 'difficult to recover' by March 2024, showing a 4% increase from the previous year. Most cases are pending in judicial and court-appointed committees. SEBI continues efforts to enhance transparency in enforcement proceedings.
![SEBI's Recovery Challenges: Dues Hit Rs 76,293 Crore](https://devdiscourse.blob.core.windows.net/aiimagegallery/19_06_2024_17_07_22_5266872.png)
- Country:
- India
The Securities and Exchange Board of India (SEBI) has classified Rs 76,293 crore in dues as 'difficult to recover' by the end of March 2024, representing a 4% rise compared to the preceding year, the market regulator disclosed.
A significant portion of these dues stems from cases pending before court-appointed committees. Despite the administrative categorization of these dues, SEBI stressed that recovery efforts would continue when conditions permit.
The report for 2023-24 noted 807 cases identified as difficult to recover, up from 692 cases the prior year, with ongoing court proceedings involving substantial amounts. SEBI has been publishing data on difficult-to-recover cases since 2021-22 to increase transparency in its enforcement actions.
(With inputs from agencies.)