SEBI grants AMC Repo Clearing Limited a one-year recognition renewal from January 17, 2025, to January 16, 2026, for clearing repo transactions in debt securities.
Madras High Court held that Local Committee on High Pitched Scrutiny Assessment are not required to grant an opportunity of being heard as there is no provisions laid down in the SOP. Accordingly, writ dismissed.
NCLAT Chennai held that fees is payable to Interim Resolution Professional (IRP) from the date he took charge of IRP till the date of appointment of new Resolution Professional. Accordingly, directed to pay additional fees from 53 days.
In the order above mentioned CESTAT allowed appeal of the assessee and held that that closure letter was already issued by the authority.
NCLT Kolkata held that a secured creditor having possession over the assets of the corporate debtor does not lose its rights to file an application under Section 7 of the Insolvency and Bankruptcy Code.
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