Moneycontrol
Last Updated : Mar 28, 2018 10:50 AM IST | Source: CNBC-TV18

SEBI may impose trading ban on companies under IBC proceedings: Sources

Securities and Exchange Board of India (SEBI) will be holding a crucial board meeting today. CNBC-TV18 learns that the market regulator may be imposing a trading ban on companies that are undergoing insolvency proceedings. In an interview with CNBC-TV18, Sandeep Parekh, Founder, Finsec Law Advisors shared his views and outlook on the same.

CNBC TV18 @moneycontrolcom

Securities and Exchange Board of India (SEBI) will be holding a crucial board meeting today. CNBC-TV18 learns that the market regulator may be imposing a trading ban on companies that are undergoing insolvency proceedings. In an interview with CNBC-TV18, Sandeep Parekh, Founder, Finsec Law Advisors shared his views and outlook on the same.

I think they are looking at giving a couple of relaxations to many of these companies, he said.

They are probably going to look at the issues whether trading should be suspending in these companies when it is going through the crucial phases of insolvency, he added.

For full interview, watch accompanying video...
First Published on Mar 28, 2018 10:27 am

tags #Economy

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