IBC

Mcleod Russel: McLeod Russel gets out of IBC for 2nd time – Times of India

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[ad_1] KOLKATA: The National Company Law Appellate Tribunal (NCLAT) on Monday allowed IL&FS to withdraw applications against bulk tea major McLeod Russel. This is the second time the bulk tea company will come out of the Insolvency and Bankruptcy Code (IBC) process. IL&FS Infrastructure Debt Fund, a financial creditor of McLeod Russel, had filed a … Read more

Sebi proposes delisting mechanism for non-convertible debt securities – Times of India

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[ad_1] NEW DELHI: Capital markets regulator Sebi has proposed a mechanism for the voluntary delisting of non-convertible debt securities.Under the mechanism, an entity should not be permitted to delist a few non-convertible debt securities while other non-convertible debt securities continue to remain listed.Accordingly, the proposed mechanism would apply to the voluntary delisting of all listed … Read more