Anil Ambani's RCFL resolution plan to go ahead after SC nod

The court was deciding an appeal by the Securities and Exchange Board of India (Sebi) seeking a stay on voting by creditors because it wanted all bond holders to participate in such votes, contrary to the debenture trust deed (DTD) and central bank guidelines that expect only 75% of the bondholders to vote.

from Banking/Finance-Industry-Economic Times https://ift.tt/6twpv2k