Sebi allows mutual funds to buy, sell credit default swaps, Legal News, ET LegalWorld
Markets regulator Sebi on Friday allowed mutual funds to both buy and sell Credit Default Swaps (CDS), a move aimed at increasing liquidity in the corporate bond market. This flexibility to participate in CDS would serve as an additional investment product for mutual funds, Sebi said in a circular. Earlier, mutual funds were only permitted […]
SC to hear Punjab’s plea for release of rural development funds from Centre, ET LegalWorld
The Supreme Court on Wednesday said it will list for hearing an interim plea of the Punjab government seeking release of over Rs 1,000 crore urgently by the Centre on account of dues claimed by the state towards the Rural Development Fund. As soon as a bench comprising Chief Justice D Y Chandrachud and Justices […]
CCI approves Canadian pension fund’s additional stake buy in Highway Infrastructure Trust, ET LegalWorld
Fair trade regulator CCI on Tuesday cleared Canada-based Ontario Teachers Pension Plan Board’s proposal to acquire additional unitholding in Highway Infrastructure Trust. “CCI approves additional acquisition of unitholding by 2452991 Ontario Ltd in Highway Infrastructure Trust,” CCI said in a post on X. Ontario Ltd (OTPP 1) is a wholly-owned subsidiary of Ontario Teachers’ Pension […]
No Funds Available for Additional Chapter 7 Trustee Payments
The Department of Justice (DOJ) has advised the Administrative Office of the U.S. Courts that it has no funds available to transfer to the Judiciary to make additional payments to eligible chapter 7 bankruptcy trustees for fiscal year 2023. Trustees interested in receiving the additional payments for fiscal year 2024 should still file payment eligibility […]
Indian crypto exchange CoinSwitch sues WazirX to recover stuck funds, ET LegalWorld
Indian cryptocurrency exchange CoinSwitch has sued rival platform WazirX, saying they are taking legal action to recover the funds stuck on Nischal Shetty-run crypto platform. Ashish Singhal-run CoinSwitch said it has been over a month since WazirX, a major crypto exchange operating in India, claimed that a cyber attack on their platform led to the […]
Individual settles with Sebi case on flouting of Venture Capital Funds rule, ET LegalWorld
Gurpreet Singh Dhillon, who was the director of Vistaar Religare Media Fund, on Friday settled a case of alleged non-winding up of the scheme of the fund with markets regulator Sebi after paying Rs 37 lakh towards the settlement amount. Vistaar Religare Media Fund was a Sebi registered Venture Capital Fund for the period from […]