The November 2024 edition of Fox & Mandal's newsletter
highlights recent developments in India's corporate,
insolvency, capital markets, real estate, and banking sectors. In
this edition, we examine RBI's guidelines to simplify
conversion of FPI to FDI, IBBI's proposals to streamline the
real estate insolvency process, SEBI's proposed revisions to
the corporate governance framework for HVDLEs, and other legal and
regulatory changes in corporate & commercial laws and their
impact on the business ecosystem in the country.
Voluntary pre-institutional mediation for operational
creditors
IBBI's discussion paper on mediation before
initiating insolvency process
The Insolvency and Bankruptcy Board of India
(IBBI) issued a paper calling for public comments
on its proposal to include a provision for operational creditors to
initiate mediation with the corporate debtor and settle its
disputes before initiating insolvency.