Home / Markets / List of 25 untraceable defaulters released by Sebi

 The Securities and Exchange Board of India(Sebi) has come out with a list of 25 defaulters, who are found to be untraceable.

These defaulters failed to return investors' money or failed to pay fines imposed on them by the regulator for various offences related to the securities market.

The Securities and Exchange Board of India (Sebi) said that these notices were served during July 2014 to January 2022. The regulator has asked these defaulters to contact Sebi's recovery officer by sending a letter or an e-mail by March 24, 2022.

"Further, if any person is aware of the whereabouts of the defaulter (s)...detail of the same may be provided by sending a letter to the recovery officer... or an e-mail... by March 24, 2022," it added.

Sebi said the recovery certificates were drawn up against these individuals by the regulator's recovery officer and on Wednesday it published the details of the untraceable defaulters on its website.

Sebi said that these notices could not be served to the defaulters at their last known addresses.

Full list of defaulters:

Kanaiyalal Joshi, Santosh Krishna Pawar, Chetan Mehta, Mukund Yadu Jambhale, Ankit k Agarwal, Jayesh Shah, Sureshkumar P Jain, Praveen Vasisth, Rajesh Tukaram Dambre, Jayesh Kumar Shah, Dahyabhai G Patel, Dalsukhbhai D Patel, Vithalbhai V Gajera are among the defaulters.

Besides, others are Vinod D Patel, Pravin P Patel, Navinkumar Patel, Sunil Kuril, Dilip Hemant Jambhale, Jagdish Jaychandbhai Pandya, Chirag Dineshkumar Shah,Prashant Khankari, Kailash Shriram Agarwal, Dattu Shitole, Jintendra Chandrabhan Singh and Ankit Sanchariya.

Sebi has powers to recover money from various entities by way of passing orders for refund of money to investors, disgorgement of funds to be distributed to investors, and also collecting fees and penalties levied by it.

Since getting the recovery powers in 2013, Sebi has initiated recovery proceedings against a large number of defaulters. 

Know your inner investor Do you have the nerves of steel or do you get insomniac over your investments? Let’s define your investment approach.
Take the test
Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less

Recommended For You


Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!

Let’s get started

Trending Stocks

Get alerts on WhatsApp
Set Preferences My ReadsWatchlistFeedbackRedeem a Gift CardLogout