Stay updated with breaking news from Insolvency Code. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The listed entity will have to send the notice of delisting to the holders of non-convertible debt securities within three working days from the date of receipt of in-principle approval from the exchanges.
The present rule allows entities to delist by giving a prior intimation to the stock exchange about the meeting of the board of directors
India Business News: Under the new rule, the listed entity will have to obtain permission from all holders of non-convertible debt securities within 15 working days of rec
According to government data, the threat of legal action has led many promoters to pay their dues, even before cases are admitted to the National Company Law Tribunal (NCLT). Creditors and suppliers have recovered their dues immediately after filing under the Insolvency & Bankruptcy Code (IBC). Since 2016, settlements totaling over Rs 8.2 lakh crore have been paid out, with Rs 2.9 lakh crore recovered from 720 cases.
Tourism and cultural minister Usha Thakur inaugurated the seminar. The special guest was MP Shankar Lalwani.