An application was filed by the operational creditor under Section 9 of the Code, 2016 for commencing Insolvency Proceeding against the corporate debtor. A satisfactory case of default was made out by the petitioner against the corporate debtor. The NCLT, admitted the application, declared moratorium and appointed IRP. An insolvency application was filed by the […]
A typical bond has a fixed tenure of maturity, but perpetual bonds, as the name suggests, can theoretically go on for as long as the issuer is a going concern. Market regulator Securities and Exchange Board of India’s (Sebi’s) new rules around mutual fund (MF) investments in perpetual bonds have kicked up a storm. But […]
