India’s IPO party is in full swing. Just don’t mistake debut-day gains for a winning bet

Read more at:https://economictimes.indiatimes.com/opinion/et-commentary/indias-ipo-party-is-in-full-swing-just-dont-mistake-debut-day-gains-for-a-winning-bet/articleshow/133717085.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst August saw 20 companies raise more than ₹21,000 cr, the busiest month in a year. With marquee names like NSE, Reliance Jio

Key aspects of the case –worth knowing [1] It is the creditors- with 81% voting rights — who okayed the plan. [2] NCLT–in its final order –held that investigation into voting process fell outside the scope of PART III of IBC which deals with personal insolvency [3] The first Resolution Profesional– was replaced after concerns were raised that he had overstepped his role by acting as a consultant in the formulation of the repayment plan [4] The one- who replaced first RP–allegedly accelerated the process ,admitted entities allegedly associated with Chandra into creditors list etc – Courtesy BusinessLine

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