The appeal concerns the issue of whether money collected from investors through the issuance of securities can be included in the liquidation assets of the corporate debtor, as per Section 36(4)(a)(i) of the Insolvency and Bankruptcy Code (I&B Code).
The Securities and Exchange Board of India (SEBI) filed an appeal against Kerala Housing Finance Ltd. (KHFL) & Ors. The central issue in the appeal is whether money collected from investors through the issuance of securities can be included in the liquidation assets of KHFL, the corporate debtor, according to Section 36(4)(a)(i) of the I&B Code. The court issued a notice to the respondents and directed the appellant to provide their contact information. The impugned order was stayed until the next hearing.
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Court addresses the issue of whether money…
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The appeal concerns the issue of whether money collected from investors through the issuance of securities can be included in the liquidation assets of the corporate debtor, as per Section 36(4)(a)(i) of the Insolvency and Bankruptcy Code (I&B Code).
The Securities and Exchange Board of India (SEBI) filed an appeal against Kerala Housing Finance Ltd. (KHFL) & Ors. The central issue in the appeal is whether money collected from investors through the issuance of securities can be included in the liquidation assets of KHFL, the corporate debtor, according to Section 36(4)(a)(i) of the I&B Code. The court issued a notice to the respondents and directed the appellant to provide their contact information. The impugned order was stayed until the next hearing.
Court addresses the issue of whether money…
The matter is listed…