Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Third Amendment) Regulations, 2020
August 18, 2020 INSOL India Editorial Team
On July 1, 2020, the Securities and Exchange Board of India (“SEBI”) notified the SEBI (Issue of Capital and Disclosure Requirements) (Third Amendment) Regulations, 2020. By virtue of the same, regulation 164B was inserted to the SEBI (Issue of Capital..
Read More
Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2020
August 18, 2020 INSOL India Editorial Team
Securities and Exchange Board of India (“SEBI”) on August 5, 2020, notified amendments to the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. In regulation 42(1) in sub-regulation(1), the words and symbols “to all the..
Read More
Micro, Small and Medium Enterprises Sector (MSME) – Restructuring of Advances
August 18, 2020 INSOL India Editorial Team
On August 6, 2020, the RBI extended the scheme permitted under its ‘Micro, Small & Medium Enterprises (MSME) Sector – Restructuring of Advances’ circular dated February 11, 2020. This was implemented taking into consideration the financial stress on the Micro,..
Read More
Reserve Bank of India Resolution Framework for COVID-19 Related Stress
August 18, 2020 INSOL India Editorial Team
The economic fallout owing to the COVID-19 pandemic has caused significant financial stress to borrowers. As a result, numerous firms may face risks relating to their viability, and it could also impact their overall financial stability. Therefore, in order to..
Read More
Cross-Border Insolvency: Why India should adopt the UNICTRAL Model Law
September 5, 2020 INSOL India Editorial Team
Cross-Border Insolvency refers to treatment of financially burdened debtors where the assets of the debtors are in more than one country or the creditors are in more than one country. It deals in three areas: Protects the rights of the foreign..
Read More
NCLAT sets aside Insolvency proceedings against Sarda Agro Oils
September 5, 2020 INSOL India Editorial Team
NCLAT set aside Insolvency proceeding of Sarda Agro Oils by stating reason that the claims were filed three years after declaring the account non- performing asset. This 3 judge- bench gave the ruling that, “the date of default is computed..