NEW DELHI: Capital markets regulator Sebi has segregated dues to the tune of Rs 76,293 crore underneath tough to get better (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.
Troublesome to get better (DTR) dues are those who couldn’t be recovered even after exhausting all modes of restoration.
“Segregation of such DTR dues is solely an administrative act and this is not going to preclude the restoration officers from recovering the quantity so segregated as DTR as and when there’s a change in any of the DTR parameters,” Sebi mentioned 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, based on the report. Amongst these 807 circumstances, 36 are pending as a consequence of ongoing proceedings in State PID courts, Nationwide Firm Legislation Tribunal (NCLT), Nationwide Firm Legislation Appellate Tribunal (NCLAT) involving Rs 12,199 crore.
Moreover, 60 circumstances are earlier than court-appointed committees, with Rs 59,970 crore at stake. These two classes collectively account for 95% of the overall 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 information on the composition of adverse to get better circumstances from 2021-22 onwards by means of its annual report with the intention to improve transparency of its enforcement proceedings. The markets regulator mentioned 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. Total, the markets watchdog has dues value Rs 1 lakh crore that must be recovered from entities, together with those who did not pay the superb imposed on them, or have been unable to pay the charges as a consequence of it and didn’t adjust to its course to refund buyers’ cash.
“Of complete quantity of Rs 1,02,831 crore to be recovered, Rs 63,206 crore (which is 61.5% of complete quantity due) pertains to CIS (Collective Funding Scheme)/DPI (Deemed Public Problem) issues of PACL and Sahara India Industrial Company Ltd, respectively,” Sebi mentioned.
Troublesome to get better (DTR) dues are those who couldn’t be recovered even after exhausting all modes of restoration.
“Segregation of such DTR dues is solely an administrative act and this is not going to preclude the restoration officers from recovering the quantity so segregated as DTR as and when there’s a change in any of the DTR parameters,” Sebi mentioned 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, based on the report. Amongst these 807 circumstances, 36 are pending as a consequence of ongoing proceedings in State PID courts, Nationwide Firm Legislation Tribunal (NCLT), Nationwide Firm Legislation Appellate Tribunal (NCLAT) involving Rs 12,199 crore.
Moreover, 60 circumstances are earlier than court-appointed committees, with Rs 59,970 crore at stake. These two classes collectively account for 95% of the overall 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 information on the composition of adverse to get better circumstances from 2021-22 onwards by means of its annual report with the intention to improve transparency of its enforcement proceedings. The markets regulator mentioned 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. Total, the markets watchdog has dues value Rs 1 lakh crore that must be recovered from entities, together with those who did not pay the superb imposed on them, or have been unable to pay the charges as a consequence of it and didn’t adjust to its course to refund buyers’ cash.
“Of complete quantity of Rs 1,02,831 crore to be recovered, Rs 63,206 crore (which is 61.5% of complete quantity due) pertains to CIS (Collective Funding Scheme)/DPI (Deemed Public Problem) issues of PACL and Sahara India Industrial Company Ltd, respectively,” Sebi mentioned.
