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Insolvency and BankruptcyDecember 22, 2021Case LawsAT
Initiation of CIRP - Operational Creditors or not - listing fee and its arrears levied by the BSE - The submission of the learned Counsel for the Appellant that there is no method for recovery of dues provided by the SEBI, cannot be accepted as SEBI is empowered to punish the defaulters for the recovery of regulatory dues. There are ample provisions for recovering under the SEBI Act and the circulars issued by the SEBI from time to time. - Adjudicating Authority did not commit any error in rejecting the Application under Section 9 filed by the Appellant - AT
Initiation of CIRP - Operational Creditors or not - listing fee and its arrears levied by the BSE - The submission of the learned Counsel for the Appellant that there is no method for recovery of dues provided by the SEBI, cannot be accepted as SEBI is empowered to punish the defaulters for the recovery of regulatory dues. There are ample provisions for recovering under the SEBI Act and the circulars issued by the SEBI from time to time. - Adjudicating Authority did not commit any error in rejecting the Application under Section 9 filed by the Appellant - AT
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