https://www.taxtmi.com/caselaws?id=758006 Regulatory proceedings are treated as not barred by a resolution framework or an interim insolvency moratorium where the liability is regulatory or penal rather than an existing debt. The analysis further treats a lending and onward-lending structure using weak borrowers, weak safeguards, post-facto guarantees and fund rerouting as a fraudulent device capable of attracting securities law and listing obligations. It also states that incomplete annual disclosures and CEO/CFO certifications can be misleading where they conceal lending irregularities, borrower weakness and provisioning deficits, and that false statements in investigation may support penal action when the record contradicts the denial. en-us Thu, 22 Aug 2024 00:00:00 +0530 Thu, 05 Sep 2024 12:42:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758006 Regulatory proceedings are treated as not barred by a resolution framework or an interim insolvency moratorium where the liability is regulatory or penal rather than an existing debt. The analysis further treats a lending and onward-lending structure using weak borrowers, weak safeguards, post-facto guarantees and fund rerouting as a fraudulent device capable of attracting securities law and listing obligations. It also states that incomplete annual disclosures and CEO/CFO certifications can be misleading where they conceal lending irregularities, borrower weakness and provisioning deficits, and that false statements in investigation may support penal action when the record contradicts the denial. Case-Laws SEBI Thu, 22 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758006