Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2021 - SEBI/LAD-NRO/GN/2021/02 - SEBI
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Resolution plan disclosure required: detailed non commercial features, investor steps and quarterly reporting on MPS compliance. Amendments mandate disclosure of specific non commercial details of resolution plans approved under the Insolvency Code, including pre and post net worth, assets post CIRP, continuing securities and material liabilities on assets, pre and post shareholding on full conversion, funds infused and creditors paid, additional liabilities and funding sources for incoming investors, investor impact metrics, names and backgrounds of new promoters or key managers, and a brief business strategy, plus proposed steps to achieve the MPS, quarterly status disclosures on MPS achievement, and any delisting plans approved in the resolution plan.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Resolution plan disclosure required: detailed non commercial features, investor steps and quarterly reporting on MPS compliance.
Amendments mandate disclosure of specific non commercial details of resolution plans approved under the Insolvency Code, including pre and post net worth, assets post CIRP, continuing securities and material liabilities on assets, pre and post shareholding on full conversion, funds infused and creditors paid, additional liabilities and funding sources for incoming investors, investor impact metrics, names and backgrounds of new promoters or key managers, and a brief business strategy, plus proposed steps to achieve the MPS, quarterly status disclosures on MPS achievement, and any delisting plans approved in the resolution plan.
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