Using its enhanced powers, capital markets regulator Sebi has managed to recover dues in more than 100 cases over the past one year out of the 500 cases in which attachment orders were passed against various defaulters.
Sebi will e-auction the property held by Pyramid Saimira's former promoter P S Saminathan in January next year as part of its efforts to recover over Rs 1 crore penalty imposed on him by the market regulator.
He may have championed the cause of investor protection and cracked the whip on erring corporate houses, but SEBI chairman CB Bhave will be best known for giving the mutual fund industry sleepless nights. CNBC-TV18's Tanvi Shukla and Vidhi Godiawala wrap up his three-year term.