Article

SEBI Settlement Scheme 2020 – One time Settlement scheme – By CS. Lalit Rajput

SEBI vide Public notice dated 27th July, 2020 has  issued Public notice in respect of SEBI-Settlement Scheme 2020 to provide one time settlement opportunity to the entities that have executed trade reversals in the stock options segment of BSE during the period from April 1, 2014 to September 30, 2015 against whom any proceedings are pending.

SEBI Settlement Scheme 2020 – One time Settlement scheme – By CS. Lalit Rajput Read Post »

The Dilemma of the Time Value of Money post-2018 Amendment- Dhruv Chhajed

For instance in Shinoy Koshy v. Granite Gate Properties, it was held that the mere purchasing of flats in a housing project makes the buyer a financial creditor and and can, therefore, initiate CIRP against the defaulting builder. In this case, the ground of default to refund the booking amount upon failure to give possession of flats on time was deemed sufficient to initiate CIRP.[9] According to this ruling, the mere fact that there is a deemed commercial effect of borrowing makes the amount a financial debt under section 5(8)(f). In the scenario where there is no consideration of the second component i.e. TMV against the booking amount in the contract, the amount ipso facto becomes non-financial debt. This is a total disregard to the TMV under section 5(8)(f).

The Dilemma of the Time Value of Money post-2018 Amendment- Dhruv Chhajed Read Post »

Scroll to Top