I attended Seminar in insolvency and Bankruptcy Code hosted by Vidhi and Oxford at India Habitat Centre New Delhi on Monday Dec 16 2019 and put a question to the panel regarding delisting of companies facing IBC.One of the view was that very moment the company comes under IBC the listing of shares of such companies should be suspended temporarily but I differed on this point and when the same question was put to Chairman of SEBI Mr.Tyagi then he was of the opinion that delisting of shares is not to be resorted as it will just block the well established exit rout for shareholders.The question was asked in light of Alok Industries wherein Reliance who is acquiring it was finally not allowed to get the shares delisted.
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