Special situation funds allow Category I alternative investment funds to invest in specified stressed assets and act as resolution applicants The Regulations introduce special situation funds as a Category I AIF, define special situation assets (including specified stressed loans, security receipts, securities of stressed investee companies and insolvency subject borrowings), permit such funds to act as resolution applicants, and require registration under Chapter II. Schemes must meet Board specified corpus and investor investment size thresholds; investments are limited to special situation assets, barred from investing in associates or non special situation AIFs, and certain stressed loan acquisitions are subject to a Board specified lock in.
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.
Special situation funds allow Category I alternative investment funds to invest in specified stressed assets and act as resolution applicants
The Regulations introduce special situation funds as a Category I AIF, define special situation assets (including specified stressed loans, security receipts, securities of stressed investee companies and insolvency subject borrowings), permit such funds to act as resolution applicants, and require registration under Chapter II. Schemes must meet Board specified corpus and investor investment size thresholds; investments are limited to special situation assets, barred from investing in associates or non special situation AIFs, and certain stressed loan acquisitions are subject to a Board specified lock in.
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