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.

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.