Supreme Court upholds supremacy of IBC by asking SEBI to join processApril 30 2018
If the current proceedings at the Supreme court are an indication, all collective investment schemes being investigated by SEBI ‘may’ very well end up being proceeded against under the Insolvency and Bankruptcy Code, 2016 (IBC).
The case before the Supreme Court pertains to two (Ponzi) schemes launched by the same promoters using the companies Royal Twinkle Star Club Limited and Citrus Check In Limited. While these cases were under SEBI investigation after having traveled to the Supreme Court earlier, some of the investors . . .
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