Regulation 3(2)(b)(i) of the SEBI (Delisting of Equity Shares) Regulations, 2021, providing that the Delisting Regulations shall not apply in the case of delisting of equity shares pursuant to a Resolution Plan approved under Section 31 of the IBC cannot be regarded as ultra-vires the SEBI Act – Harsh Mehta Vs. Securities and Exchange Board of India (SEBI) and Ors. – Bombay High Court

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Regulation 3(2)(b)(i) of the SEBI (Delisting of Equity Shares) Regulations, 2021, providing that the Delisting Regulations shall not apply in the case of delisting of equity shares pursuant to a Resolution Plan approved under Section 31 of the IBC cannot be regarded as ultra-vires the SEBI Act – Harsh Mehta Vs. Securities and Exchange Board of India (SEBI) and Ors. – Bombay High Court Read Post »