Changing Regulatory Landscape for HFCs in the Debt Market
1) Introduction Housing Finance Companies (“HFCs”) play an essential role in the Indian financial ecosystem by providing loans to individuals and businesses for purchasing, constructing, or renovating residential properties. HFCs are a significant contributor to the growth of the housing sector, and their role in boosting the economy is critical, especially in a developing country …
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IBBI Amendments for Real Estate Allottees: A step forward to streamline real estate insolvencies
The insolvency framework in India has undergone many changes from time to time with the aim of developing an effective resolution mechanism for debt-ridden entities.
SOVEREIGN GREEN BONDS: INCREASING FOCUS AND THEIR SIGNIFICANCE FOR SUSTAINABLE INVESTMENT PRACTICES
Introduction In a time when environmental degradation and climate change are becoming more widely recognised, sustainable investment practices have moved from the periphery to the mainstream of global finance.
To be or Not to be : the Wisdom of the CoC!
Introduction In a vast economy like India, every transaction carries an anticipated or unanticipated risk that determines the existence of the company (and its guarantors!) and has the potential to lead the company (and its guarantors!) into insolvency. Our credit markets which are dominated by banks and financial institutions play a pivotal role in determining …
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Changing Regulatory Landscape for HFCs in the Debt Market
Introduction Housing Finance Companies (“HFCs”) play an essential role in the Indian financial ecosystem by providing loans to individuals and businesses for purchasing, constructing, or renovating residential properties.
Securitized Debt Instruments: On par with (as restrictive as) PTCs?
1. INTRODUCTION Securitization is gaining momentum in India and is developing and enhancing the financial markets.
APPLICATION SEEKING INSOLVENCY BASED ON AN UNREGISTERED ASSIGNMENT AGREEMENT MAINTAINABLE?
Introduction Under the Insolvency and Bankruptcy Code, 2016 (as amended) (“Code”), a creditor to whom a financial debt has been legally assigned or transferred to is entitled to file an application seeking initiation of corporate insolvency resolution process (“CIRP”) against a corporate debtor.
MORE POWER TO CREDITORS AS PERSONAL GUARANTORS MAY FACE INSOLVENCY PROCEEDINGS FOR DEFAULTING DEBTS
Introduction The Hon’ble Supreme Court of India in Dilip B. Jiwrajka v. Union of India & Ors.[1] has upheld the constitutional validity of the provisions contained in Sections 95 to 100 of the Insolvency and Bankruptcy Code,
DISTINGUISHING PENAL INTEREST & CHARGES: REGIME CHANGE BY RBI
Introduction The Reserve Bank of India (“RBI”) in its press release titled ‘Statement on Developmental and Regulatory Policies’[1], dated 8th February 2023 observed divergent practices amongst regulated entities,
INDIAN GREEN BOND MARKET: A STEP TOWARDS “GREEN FINANCING”IN A GROWING TAXONOMY
Over the last few years, the Indian Government has been taking measures towards environmental sustainability along with economic growth. As enumerated in Article 48-A of the Indian Constitution, preservation of the environment is enshrined in the Indian Constitution itself. The Finance Minister while tabling the Union Budget 2023-24 specified green growth as one of the …
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