Securities and Exchange Board of India

October 29, 2020 INSOL India - Editorial Team

SEBI, vide its notification dated September 16, 2020 and in exercise of powers conferred under section 11(1) of the SEBI Act, 1992, has permitted listing and trading of units of Infrastructure Investment Trusts (“InvITs”) and Real Estate Investment Trusts (“REITs”)..

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SEBI Circular for signing of inter-creditor agreement

October 29, 2020 INSOL India - Editorial Team

The resolution process stipulated under the RBI Prudential Framework for Resolution of Stressed Assets (“Prudential Framework”) dated June 7, 2019 requires the signing of an inter-creditor agreement (“ICA”). In furtherance of the same, lenders often approach investors of debt securities,..

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Relaxation from default recognition due to restructuring of debt

October 29, 2020 INSOL India - Editorial Team

Vide a circular dated August 31, 2020, the SEBI has extended the relaxation from default recognition by credit rating agencies due to restructuring of debt. The circular is in furtherance of the SEBI circular dated March 30, 2020 whereby the..

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Bilateral Netting of Qualified Financial Contracts Act, 2020

October 29, 2020 INSOL India - Editorial Team

The Bilateral Netting of Qualified Financial Contracts Act 2020 (“Netting Act”) has been enacted on September 28, 2020 with a view to facilitate financial stability by providing enforceability of bilateral netting of financial contracts. Bilateral netting allows the offsetting of..

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Banking Regulation (Amendment) Act, 2020

October 29, 2020 INSOL India - Editorial Team

On September 29, 2020, the Banking Regulation (Amendment) Act, 2020 (“BR Amendment Act”) has been enacted with a view to extend certain provisions of the Banking Regulation Act, 1949 (“BR Act”). By virtue of the BR Amendment Act, certain provisions..

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Resolution Framework for Covid-19 Related Stress – Financial Framework

October 29, 2020 INSOL India - Editorial Team

On September 7, 2020, the RBI released financial parameters to be considered by lending institutions while finalizing resolution plans in respect of borrowers eligible under the Resolution Framework for Covid-19 Related Stress (“Resolution Framework”) of August 6, 2020. The parameters..

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