BSE Ka Appeal Gaya Paani Mein! NCLAT Ne Kaha, IBC Hi King Hai Demat Accounts Ke Liye

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AuthorKavya Nair|Published at:
BSE Ka Appeal Gaya Paani Mein! NCLAT Ne Kaha, IBC Hi King Hai Demat Accounts Ke Liye
Overview

Bhai log, Bombay Stock Exchange (BSE) ne jo appeal NCLAT mein daali thi na, woh reject ho gayi hai. NCLAT ne ekdum clear kar diya hai ki jab koi company insolvency mein hoti hai, toh IBC (Insolvency and Bankruptcy Code) ke rules hi sabse upar hain, securities law se bhi zyada powerful. MATLAB, Demat accounts ko unlock karne ke mamle mein IBC ka hi faisla chalega.

NCLAT ne BSE ki petitions ko dismiss karke NCLT (National Company Law Tribunal) ke powers ko confirm kiya hai, especially Demat accounts ke matter mein jab koi company insolvency mein ho.

BSE ka kehna tha ki Demat accounts ke issues sirf securities law aur SEBI ke under aate hain. Lekin NCLAT ne clear kiya ki IBC ka Section 60(5) aur especially Section 238, dusre laws par override karta hai insolvency ya liquidation ke time. Iska matlab hai ki agar listing fees ya kisi aur rule breach ki wajah se account freeze hua ho, tab bhi IBC ke rules apply honge aur assets recover karne mein resolution professionals ko help milegi.

Is decision se Future Corporate Resources aur Liz Traders and Agents jaise companies ke Demat accounts unlock karne ke NCLT ke orders valid maane gaye hain.

Is khabar ke baad, BSE ka share price 3.82% gir gaya, ₹2,779.80 par trade kar raha tha, aur volume 3.94 million tha. Pichle 5 din mein stock 3.52% neeche aaya hai, though YTD basis par abhi bhi 9.80% upar hai.

Yeh ruling dikhata hai ki IBC ab complex financial situations mein primary law banta jaa raha hai. Interesting baat yeh hai ki BSE khud bhi kabhi kabhi listed companies par baki listing fees ke liye IBC ke under proceedings shuru karta hai.

Market experts ka kehna hai ki BSE ka valuation kaafi high hai, TTM P/E ratio 51.8-55.3 ke aas paas hai, jo sector average P/E (20.36) se kaafi zyada hai. Iska matlab hai ki market isse future growth aur efficiency ki umeed kar raha hai. Agar aise legal clarity se insolvency process smooth hota hai toh yeh sabke liye achha hai.

However, agar exchanges is IBC ko bahut aggressively use karein toh operational issues aa sakte hain. Aur valuation bhi risky ho sakta hai agar koi bada legal issue ya regulatory pressure aata hai.

Overall, yeh NCLAT decision insolvency framework mein predictability layega aur creditors ke liye asset recovery ko thoda aasan bana sakta hai.

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