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News Topical, Digital Desk : Market regulator SEBI has expedited the resolution of disputes. During the financial year 2024-25, SEBI settled 703 cases related to violation of security rules. In this way, SEBI is resolving violations and disputes related to the rules without a long legal process. During the financial year 2023-24, the regulator settled 434 such cases.
Out of the 703 cases settled during the financial year 2025, the regulator has issued appropriate settlement orders in 284. Whereas, 272 such applications have been sent back or rejected. Some of these applications have also been withdrawn by the applicants themselves. This information is available from the SEBI 2024-25 Annual Report.
What is SEBI's settlement system?
Under the settlement system, different units resolve the problems related to the capital market through SEBI. There is no long legal process for this. They have to pay settlement fees for this and fulfill certain conditions.
How much money did SEBI get from the settlement? Through the 284 cases settled, SEBI collected Rs 798.87 crore as settlement charge. Apart from this, SEBI has collected Rs 64.84 crore as disgorgement charge. These settlement orders were issued for violations of rules, insider trading, fraudulent activities, violations of rules related to Alternative Investment Funds (AIFs), Mutual Funds and Foreign Portfolio Investors (FPIs). Apart from settlement cases, SEBI also heard appeals. 533 new appeals were filed with the Securities Appellate Tribunal (SAT). This figure was at 821 in the previous financial year. Out of the new appeals filed, 422 have been disposed of. In this, 308 appeals were dismissed, 23 appeals were allowed and 42 appeals were upheld with some modifications. 21 appeals were remanded and 28 appeals were withdrawn. Most of the appeals disposed of were violations of Prohibition of Fraudulent and Unfair Trade Practices (PFUTP) Regulations, 2003. During this period, the "difficult-to-recover" (DTR) dues for the financial year 2025 increased to ₹ 77,800 crore. By March 2024, it was at ₹ 76,293 crore. These are the dues that have not been paid even after all kinds of recovery efforts. SEBI clarified that keeping such DTR dues aside is a purely administrative step and recovery officers can also take action in the future.
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