Madras HC: Freedom of Religion Cannot Extend to Disturbing Peace Within Temple Premises  ||  Delhi HC: Lokpal Cannot Form a Prima Facie View on Corruption Without Hearing The Official  ||  MP High Court: DRT Cannot Restrict or Impose Conditions on a Person's Foreign Travel  ||  Bombay HC: Results of Dec 2 And 20 Local Body Election Must be Declared Together  ||  Delhi HC: Employment Disputes Cannot be Treated as Commercial Cases under the Act  ||  Supreme Court: Divorced Muslim Woman Can Reclaim Gifts Given to Husband at Marriage  ||  Supreme Court: Police and Courts Should Act as Initial Filters to Prevent Baseless Prosecutions  ||  SC: Maharashtra Can Acquire Land under Slum Areas Act, Respecting Owner's Preferential Rights  ||  Supreme Court: Excise Exemption on Cotton Fabrics is Denied if Any Related Process Uses Power  ||  NCLAT: IBC Auctions are Not Ordinary Contracts, and Market Volatility Does not Excuse Bid Defaults    

Can Consider Raising Money Through Optional Convertible Debentures as Financial Debt - (10 Dec 2024)

INSOLVENCY

New Delhi bench has held that if money is raised by issuance of convertible debentures with an option to be later converted into equity shares then it can be classified as a financial debt if a default is committed by the corporate debtor.

Tags : NEW DELHI   CONVERTIBLE DEBENTURES   FINANCIAL DEBT  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved