The Mumbai-based joint venture combines bespoke event curation with premium production and storytelling to create highly personalised weddings and milestone celebrations Mumbai, Maharashtra, India --- Business Wire India Bizspoke Pvt. Ltd., an events and experiential solutions company, and Sol Production LLP, an award-winning content production house, have announced the launch of Aria Weddings, a new luxury weddings and celebrations venture. Created to meet the growing demand for highly... ... ...

131. (1) On and from the commencement of these regulations, the International Financial Services Centres Authority (Issuance and Listing of Securities) Regulations, 2021 shall stand superseded. (2) Notwithstanding anything contained in sub-regulation (1), anything done or any action taken or purported to have been taken under the regulations mentioned in sub-regulation (1), before the commencement of these regulations shall be deemed to have been done or taken or commenced under the corre... ... ...

130. (1) For the purposes of implementation of these regulations and matters incidental thereto, the Authority may specify norms, procedures, processes, additional requirements, etc. by way of circulars or guidelines or directions. (2) The requirements under regulations 80, 81, 82 and 126 may be specified after public consultation and approval in a meeting of the Authority. (3) In order to remove any difficulties in the application or interpretation of these regulations, the Authority ... ... ...

129. (1) The Authority may, for reasons to be recorded in writing, in the interest of investors or for the development of the financial market in IFSC, exempt/ relax the strict enforcement of any requirement of these regulations. (2) For seeking exemption/ relaxation under sub-regulation (1), an application, giving details and the grounds on which such exemption/ relaxation has been sought, shall be filed with the Authority. (3) The application referred to under sub-regulation (2) shal... ... ...

128. The issuer shall submit all information sought by the Authority or the recognised stock exchange(s) relating to securities market. =============... ... ...

Regulation 127 authorises a recognised stock exchange to compulsorily delist an issuer's securities or permitted financial products where they have remained suspended for more than six months, have been compulsorily delisted by another exchange, or where special circumstances warrant removal. The delisting power may also be exercised where the Authority, another relevant authority, or a court having jurisdiction directs that such securities or products be delisted.

126. A recognised stock exchange may delist securities, on receipt of the request from the Listed Entity, in such manner and subject to such conditions as may be specified by the Authority. =============... ... ...

125. (1) A recognised stock exchange may suspend the trading of securities or permitted financial products where it appears that: (a) the issuer is in non-compliance with the regulatory provisions specified by the Authority or the recognised stock exchange; (b) the issuer has been suspended for trading of its securities by any other exchange; or (c) the suspension is required for ensuring orderly operation of its market. (2) A recognised stock exchange may resto... ... ...

This commentary provides doctrinal analysis and practical insights on the legal issue discussed below. The judgment is analysed in the context of its factual background, issues framed, and conclusions reached by the Court. 2026 (7) TMI 1134 - Supreme Court Introduction The finality of an approved resolution plan is central to the corporate insolvency resolution process. It assures the successful resolution applicant that the enterprise is acquired with liabilities determined through the... ... ...

124. A recognised stock exchange may, at its discretion, reject an application for admission to list securities or permitted financial products, if it considers that- (a) listing of such securities or permitted financial products would be detrimental to investors' interests; or (b) the issuer does not comply or will not comply with any requirement specified by the Authority or the recognised stock exchange. =============... ... ...

CHAPTER XIV: MISCELLANEOUS 123. The entity desirous of listing its securities and permitted financial products on the recognised stock exchange(s) shall execute a listing agreement with such stock exchange, in such form and manner as specified by such stock exchange. =============... ... ...

CHAPTER XIII: PERMITTED TO TRADE 122. A recognised stock exchange may with prior approval of the Authority permit trading of securities without the involvement of the issuer, subject to the following conditions: (a) Such trading of securities is in conformity with the applicable laws of the jurisdictions in which the securities are listed; and (b) The recognised stock exchange(s) shall ensure clearing and settlement of the trades. =============... ... ...

121. A recognised stock exchange may, if satisfied on the basis of an application made by an issuer, relax the applicability of certain requirements of this chapter, in accordance with its internal policy or guidelines, for the following issuers: (a) Supranational, multilateral or statutory institutions /organizations /agencies; and (b) Entities whose securities are irrevocably guaranteed by a Sovereign; and (c) Any other entity as may be specified by the Authority... ... ...

120. The issuer shall disclose the record date relevant to the holders of debt securities in a timely manner. =============... ... ...

119. The issuer shall immediately disclose to the recognised stock exchange(s) any revision in the credit rating of its debt securities listed on such exchange(s). =============... ... ...

118. The issuer shall submit to the recognised stock exchange(s) a copy of the annual report immediately after the finalisation of the same, but in any event not later than six months of the end of financial year. =============... ... ...

117. (1) The issuer shall disclose the audited financial statements for the full financial year to the recognised stock exchange(s) immediately after the approval of its board of directors, but in any event not later than three months of the end of financial year. (2) The issuer shall prepare its financial statements in accordance with IFRS or US GAAP or Ind AS or other accounting standards as applicable in its home jurisdiction: Provided that an issuer preparing financial statements a... ... ...

PART E - LISTING OBLIGATIONS AND CONTINUOUS DISCLOSURE REQUIREMENTS FOR DEBT SECURITIES 116. (1) The issuer shall immediately disclose to the recognised stock exchange(s) all events which are material or price sensitive. (2) The issuer shall immediately disclose to the recognised stock exchange(s) the following events: (a) any redemption or cancellation of the debt securities; (b) details of any interest payment(s), except where the debt securities are having fixed ra... ... ...

115. The recognised stock exchange(s) shall ensure that the disclosures made by the Listed Entities are immediately disseminated on their websites. =============... ... ...