# Sebi Settles Financial Reporting Case Against IPCL Director for Rs 24.7 Lakh 2026-08-06T17:56:16+00:00 | Governance | Indian Opinion Desk Corroboration: 1 independent outlet Markets regulator Sebi has settled adjudication proceedings against India Power Corporation Ltd managing director Raghav Raj Kanoria after receiving Rs 24.7 lakh. The case concerned alleged misreporting in IPCL’s financial statements for 2022-23 and 2023-24. Sebi alleged that the accounts did not recognise Expected Credit Losses on Rs 199.70 crore owed by Power Trust and Rs 37.53 crore in unsecured loans, including accrued interest. Kanoria applied for settlement in July 2025 without admitting or denying the findings. Sebi’s advisory committee recommended the settlement, which its Whole Time Members accepted in May. Kanoria paid on June 17, and Sebi then closed the proceedings. ## Coverage - legal.economictimes.indiatimes.com Tags: financial reporting, IPCL, Raghav Raj Kanoria, SEBI Canonical: https://indianopinion.org/sebi-settles-financial-reporting-case-against-ipcl-director-for-rs-24-7-lakh/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/sebi-settles-financial-reporting-case-against-ipcl-director-for-rs-24-7-lakh/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.