The Securities and Exchange Board of India (SEBI) witnessed a sharp rise in settlement pleas, receiving 703 applications in FY25, up from 434 in FY24. This highlights a growing trend among market participants to resolve disputes without prolonged litigation.
Out of these, 284 cases were settled with SEBI collecting ₹798.87 crore in settlement charges and ₹64.84 crore in disgorgement fees. Meanwhile, 272 pleas were returned, rejected, or withdrawn.
Most settlements were related to alleged violations such as insider trading, fraudulent trade practices, AIFs, mutual funds, and FPIs.
On the appeals side, SEBI dealt with 533 new appeals before the Securities Appellate Tribunal (SAT), down from 821 the previous year. Of these, 73% were dismissed, while others were either modified, remanded, allowed, or withdrawn.
At the same time, SEBI flagged a rise in “difficult-to-recover (DTR) dues,” which climbed to ₹77,800 crore in FY25, up from ₹76,293 crore in March 2024.
