Tag: covid-19

Pre-packaged insolvency resolution process for micro small and medium enterprises- IBC (Amendment) Ordinance 2021

Pre-packaged insolvency resolution process for micro small and medium enterprises- IBC (Amendment) Ordinance 2021 The President of India has Promulgated the Insolvency and Bankruptcy Code (Amendment) Ordinance 2021to amend the Insolvency and Bankruptcy Code, 2016. According to the Ordinance, due to the COVID-19 pandemic impact on businesses, financial …

No interest on interest/compound/penal interest for moratorium period irrespective of sanctioned loan limit -SC

No interest on interest/compound interest/penal interest for moratorium period from any borrowers irrespective of sanctioned loan limit – Supreme Court ABCAUS Case Law CitationABCAUS 3475 (2021) (03) SC Important case law relied referred:Union Carbide Corporation Limited v. Union of India, (1991)4 SCC 584;M. Nagaraj vs. Union of India …

SEBI again gives relaxation in timelines for compliance with regulatory requirements

SEBI again gives relaxation in timelines for compliance with regulatory requirements by trading/ clearing members, depositories participants CIRCULAR SEBI/HO/MIRSD/DOP/CIR/P/2020/235 December 01, 2020 To,1. All Recognised Stock Exchanges and Clearing Corporations (including those in International Financial Services Centres)2. All Depositories3. Trading members / Clearing Members through Stock Exchanges/Clearing Corporations …