The case involves a Corporate Debtor, Shree Bhawani Paper Mills Limited, facing proceedings under the Insolvency and Bankruptcy Code (IBC). The Resolution Professional (RP) filed an application (CA No. 203/2018) seeking a direction to the Bombay Stock Exchange to prevent it from initiating proceedings for alleged non-compliances of SEBI (LODR) Regulations, 2015, during the moratorium period. The RP also sought exemption from compliances of SEBI (LODR) Regulations, 2015, and a direction against Central Depository Services (India) Ltd. and National Securities Depository Services (India) Ltd. to prevent them from initiating punitive action and restoring services for the Corporate Debtor.
Shree Bhawani Paper Mills Limited is undergoing Corporate Insolvency Resolution Process (CIRP). The Resolution Professional (RP) filed an application (CA No. 203/2018) under Section 14 read with Section 60(5) of the IBC, seeking a direction to the Bombay Stock Exchange (BSE) to not initiate proceedings for alleged non-compliances of SEBI (LODR) Regulations, 2015, during the moratorium period. The RP also sought exemption from compliances of SEBI (LODR) Regulations, 2015, and a direction against Central Depository Services (India) Ltd. and National Securities Depository Services (India) Ltd. to prevent them from initiating punitive action and restore services for the Corporate Debtor. The RP argued that Section 14(1)(a) of the IBC provides a moratorium against
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The case involves a Corporate Debtor, Shree Bhawani Paper Mills Limited, facing proceedings under the Insolvency and Bankruptcy Code (IBC). The Resolution Professional (RP) filed an application (CA No. 203/2018) seeking a direction to the Bombay Stock Exchange to prevent it from initiating proceedings for alleged non-compliances of SEBI (LODR) Regulations, 2015, during the moratorium period. The RP also sought exemption from compliances of SEBI (LODR) Regulations, 2015, and a direction against Central Depository Services (India) Ltd. and National Securities Depository Services (India) Ltd. to prevent them from initiating punitive action and restoring services for the Corporate Debtor.
Shree Bhawani Paper Mills Limited is undergoing Corporate Insolvency Resolution Process (CIRP). The Resolution Professional (RP) filed an application (CA No. 203/2018) under Section 14 read with Section 60(5) of the IBC, seeking a direction to the Bombay Stock Exchange (BSE) to not initiate proceedings for alleged non-compliances of SEBI (LODR) Regulations, 2015, during the moratorium period. The RP also sought exemption from compliances of SEBI (LODR) Regulations, 2015, and a direction against Central Depository Services (India) Ltd. and National Securities Depository Services (India) Ltd. to prevent them from initiating punitive action and restore services for the Corporate Debtor. The RP argued that Section 14(1)(a) of the IBC provides a moratorium against
…Order passed by the…
Matter list…