https://www.taxtmi.com/article/detailed?id=9766 The Act makes bilateral netting of qualified financial contracts enforceable between qualified financial market participants and protects close-out netting from being affected by insolvency or administration. Close-out netting may be invoked on events of default or termination events, allows termination and valuation of obligations into a single net amount, and requires net amounts to be determined under the netting agreement or, failing agreement, by arbitration. Amounts under close-out netting are final, irrevocable and binding, and administration practitioners are barred from invalidating transfers, collateral realisation or payment obligations under a netting agreement. en-us Sat, 01 May 2021 09:32:35 +0530 Wed, 11 Feb 2026 15:59:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9766 The Act makes bilateral netting of qualified financial contracts enforceable between qualified financial market participants and protects close-out netting from being affected by insolvency or administration. Close-out netting may be invoked on events of default or termination events, allows termination and valuation of obligations into a single net amount, and requires net amounts to be determined under the netting agreement or, failing agreement, by arbitration. Amounts under close-out netting are final, irrevocable and binding, and administration practitioners are barred from invalidating transfers, collateral realisation or payment obligations under a netting agreement. Articles Corporate Laws / IBC / SEBI Sat, 01 May 2021 09:32:35 +0530 https://www.taxtmi.com/article/detailed?id=9766