Capital markets regulator Sebi on Thursday said 120 entities listed as untraceable in the ‘difficult to recover’ category comprises only five companies while the rest are individuals and the majority of the cases are over a decade old.
Further, Sebi said the amount involved with regard to these 120 entities is Rs 17.82 crore, which is 0.02 per cent of the total outstanding amount to be recovered.
Moreover, out of 120 entities, 116 cases are old (97 per cent) and the violation period dates back to over a decade ago, the Securities and Exchange Board of India (Sebi) said in a statement.
Overall, the markets watchdog has pending dues worth Rs 1.02 lakh crore that needs to be recovered from entities as of March 31, 2023, according to its latest annual report.
As on March 31, 2023, there were 692 cases which are identified as ‘Difficult To Recover’ (DTR) with a total outstanding amount of Rs 73,287 crore.
Out of 692 cases, 86 are pending on account of parallel proceedings before State
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