Author Archive for: vishesh
Entries by Staff Publication
RBI issues draft framework to strengthen liquidity of NBFCs
Abhirup Ghosh abhirup@vinodkothari.com Financial year 2019 has been a year to remember, as the NBFC sector, which caters to a significant portion of the financial needs in the economy, almost choked due to lack of liquidity. While there was an undercurrent already, but the fall of the mammoth ILFS group, ignited the crisis. Resultantly, the […]
NBFCs in troubled waters as Madras Court Bench rules in favour of RBI
The latest judgement by the Madras HC as on 22nd April, 2019 has set aside an earlier single judge order in January this year, and ruled in favour of RBI. RBI argued that there was an appeal remedy available and the companies instead of filing writ petitions with the court could have approached the appellate […]
2019 Securitisation volumes in India reach record high
By Falak Dutta (finserv@vinodkothari.com) Up, Up & Above! Yet another year went by and Indian securitization market certainly had a year to rejoice. Starting from the volume of transactions to innovative structures, the market has everything to boast about. Before we discuss each of these at length, let us take stock of the highlights first: […]
Concerns on Going Concern: Proposed amendments in Liquidation Regulations need relook
– Vinod Kothari The possibility of going concern sales in liquidations, visualised by Adjudicating Authorities in several early cases, got a regulatory recognition vide IBBI (Liquidation Process) (Second Amendment) Regulations, 2018. Since then, there has been a lot of work on how exactly will going concern sale work in liquidation. Our previous write- ups […]