The Securities and Exchange Board of India (Sebi) is grappling with rising “difficult to recover” dues over the past three years. The latest annual report reveals that these dues have surged to Rs 76,293 crore in FY24, from Rs 73,287 crore in FY23 and Rs 67,228 crore in FY22.
The markets regulator classifies dues which could not be recovered even after exhausting all the modes of recovery as “difficult to recover”.
A total of 6,781 recovery certificates were generated as of March 31, 2024. Of those, 3,871 certificates, amounting to Rs 1.02 lakh crore, are pending, Sebi’s annual report said.
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Of this amount, 61.5% or Rs 63,206 crore, pertains to collective investment schemes and deemed public issue matters of PACL and Sahara India Commercial Corporation.
Out of the total due amount, Rs 95,346 crore is subject to parallel proceedings before various courts and court-appointed committees, the report said.