Some of the defaulters have not paid up amounts as small as Rs 15,000, while the majority of individual penalties are worth a few lakhs of rupees and a few others amounting to a few crores of rupees.
According to the latest data released by the Securities and Exchange Board of India, a total of 1,373 individuals and companies had defaulted on penalties totalling about Rs 130 crore as on September 30, 2013.
This marks an increase from a total of 1,337 defaulters, which include listed companies, brokers, merchant bankers and others, for payments of about Rs 120 crore (Rs 1.2 billion) as on March 31, 2013.
Some of these dues are pending since 2000, while many of these cases are also pending in courts and at other forums.
Meanwhile, Sebi has also begun to exercise its newly-granted powers of attaching bank accounts and other assets for recovery of the outstanding dues pending for up to 13
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