Default by Some NBFCs on Secured Debentures Pushes Sebi to Introduce Reforms

As per the consultation paper, non-banking financial companies (NBFCs) will now be required to create an identified charge on the assets, as the pari-passu floating charge in case of recent defaults of NBFCs in secured loans has created confusion as to whether the debentures are really secured.

from Top Business News- News18.com
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