How Sebi plans to ease compliance for insolvent companies – Financial Express

The proposals include relaxing the requirement of a minimum 25% public shareholding and the stringent procedures to de-list a stressed company, if that is part of the resolution plan. (Reuters) The Securities and Exchange Board of India (Sebi) will consider a raft of proposals to ease various compliance procedures for listed insolvent companiesespecially with regard…

Investment firm k1 Ventures’ unit under members’ voluntary liquidation – The Business Times

Wed, Dec 27, 2017 – 8:11 AM INVESTMENT holding company k1 Ventures on Wednesday said that its wholly owned subsidiary, FSHCO Holdings Pte Ltd, will be placed under members’ voluntary liquidation. It added that filings will be made in Singapore for the liquidation, and that this liquidation is not expected to have any material impact…

NCLT Admits Application For Castex’s Insolvency Process – BloombergQuint

The National Company Law Tribunal has admitted an application by State Bank of India to initiate the corporate insolvency resolution process against iron-cast auto parts maker Castex Technologies Ltd. The Mumbai bench of the NCLT appointed Dinkar Tiruvannadpuram Venkatsubramanian as an interim resolution professional for the debt resolution process, according to a stock exchange filing.…