Notification/Circular No.: NSE/CML/2026/15 dated June 01, 2026
Applicable Act/Rule: Insolvency and Bankruptcy Code, 2016; SEBI Regulations
Applicable Section/Rule: Section 54L; Chapter III-A; Section 31
National Stock Exchange of India Limited (NSE), Listing Department, issued Circular Ref. No. NSE/CML/2026/15 dated June 1, 2026, addressed to all listed companies. The circular draws attention to the provisions relating to Pre-Packaged Insolvency Resolution Process (PPIRP) under Chapter III-A of the Insolvency and Bankruptcy Code, 2016 (IBC). The circular is issued as advised by SEBI.
The exemptions available under various SEBI Regulations in respect of a Resolution Plan approved under Section 31 of the IBC are not available in case of a Resolution Plan approved under Section 54L of the IBC under the PPIRP framework. Accordingly, listed entities undergoing PPIRP are required to comply with all applicable procedural and regulatory requirements prescribed under the relevant SEBI Regulations. Listed companies are required to take note of the above and ensure compliance.
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