By Richa Saraf (resolution@vinodkothari.com) Introduction In a recent case of Dr. Vishnu Kumar Agarwal v. M/s. Piramal Enterprises Ltd.[1] Company Appeal (AT) (Insolvency) No. 346 of 2018, the NCLAT has held that an application for initiation of corporate insolvency resolution process for same very claim/debt is not permissible. Now, consider a situation where Company A […]
The Central Bank of Nigeria (CBN), apex banking authority of the Nigeria, has appointed Vinod Kothari Consultants Pvt. Ltd. (VKC) for review and drafting their domestic law to govern securitisation transactions. The initiative by the apex authority is a part of their Financial System Strategy 2020. VKC is expected to facilitate enactment of the legislation […]
-Loan and investment companies merged into one By Anita Baid (finserv@vinodkothari.com) In furtherance to the Sixth Bi-monthly Monetary Policy Statement[1] for 2018-19 dated February 07, 2019[2] on ‘Harmonisation of NBFC Categories’, the Reserve Bank of India (RBI) released a notification on February 22, 2019[3] to harmonise three different categories of NBFCs into one, based on the principle […]