SEBI pegs dues worth over Rs. 67000 crore as ‘difficult to recover’

Sebi has segregated dues to the tune of Rs 67,228 crore under “difficult to recover” category at the end of March 2022.

Overall, the regulator has dues worth Rs 96,609 crore that needs to be recovered from entities, including those that failed to pay the fine imposed on them, failed to pay fees due to markets watchdog and did not comply with its direction to refund investors’ money, according to Sebi’s annual report for 2021-22.

Out of Rs 96,609 crore, the regulator said Rs 63,206 crore, which is 65 per cent of the total, pertains to collective investment scheme and deemed public issues of PACL Ltd and Sahara India Commercial Corporation Ltd.

Also, Rs 68,109 crore, amounting to 70 per cent of the total dues, is subject to parallel proceedings before various courts and courtappointed committees. In these cases, Sebi’s recovery proceedings are subject to directions of respective courts or committees.