June 23, 2021
A summary of the judgment by the Securities Appellate Tribunal in the matter of Dewan Housing Finance Corporation Ltd. v SEBI ~ By Sara Jain
The Securities and Exchange Board of India (SEBI) imposed a penalty on the appellant under Section 15A(b) and 15HB of the SEBI Act, 1992. Under the same order, it provided for the penalty to be paid within 45 days from the receipt of the order, failing which recovery proceedings would be initiated against the appellant.
Whether proceedings for determining liability for an offence can be initiated during the moratorium period under Section 14?
We talk to Dr. M. S. Sahoo, the IBBI Chairperson and the flag-bearer of the Indian insolvency and restructuring industry, on a variety of issues.July 12, 2021
A summary of the Supreme Court judgment in Dharani Sugar and Chemicals Ltd. v Union of India ~ By Sara JainJune 22, 2021
In the matter of Om Prakash Agarwal (Principal Bench New Delhi (11.06.2020)) Facts In this case, the Liquidator filed an application before the AA to de-freeze the accounts of the CD, which were attached by the Tax Recovery Officer (Respondents) stating that the CD had failed to pay the arrears. The Liquidator contended that more […]December 22, 2021
A Background of Dewan Housing Finance Limited (“DHFL”) Dewan Housing Finance Limited (“DHFL”) is a Non-Banking Financial Company (“NBFC”), registered under the Reserve Bank of India Act, 1934 (“RBI Act”), engaged in providing housing loans to home buyers. Around June 2019, DHFL defaulted on several debt repayments. Consequently, the shares of the company fell over […]August 10, 2021
Summary of the Supreme Court judgment, Ghanashyam Mishra and Sons Pvt. Ltd. Through Authorised Signatory v. Edelweiss Asset Reconstruction Company Ltd. Through the Director & Ors. ~ By Sara JainJune 22, 2021