https://www.taxtmi.com/caselaws?id=281943 The Tribunal ruled that Securities Exchange Board of India (SEBI) regulations do not apply during the moratorium period under Section 14 of the Insolvency and Bankruptcy Code, 2016. It held that SEBI cannot recover amounts from the Corporate Debtor during the moratorium, emphasizing the priority of the I&B Code over other laws. The Tribunal also clarified that the Bombay Stock Exchange cannot take coercive actions, such as suspending trading shares, against the Corporate Debtor during the moratorium. The appeal was disposed of with directions favoring the Resolution Professional, without any cost orders. en-us Tue, 23 Apr 2019 00:00:00 +0530 Sat, 13 Jul 2019 07:31:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281943 The Tribunal ruled that Securities Exchange Board of India (SEBI) regulations do not apply during the moratorium period under Section 14 of the Insolvency and Bankruptcy Code, 2016. It held that SEBI cannot recover amounts from the Corporate Debtor during the moratorium, emphasizing the priority of the I&B Code over other laws. The Tribunal also clarified that the Bombay Stock Exchange cannot take coercive actions, such as suspending trading shares, against the Corporate Debtor during the moratorium. The appeal was disposed of with directions favoring the Resolution Professional, without any cost orders. Case-Laws Insolvency and Bankruptcy Tue, 23 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281943