This case answers the primary legal issue that "whether the suspended directors of a Corporate Debtor are legally obligated to sign the company’s financial statements during the Corporate Insolvency Resolution Process (CIRP)."

SEBI imposed a total penalty of ₹38 Lakh on CDEL and 9 officials (including CEO, CFO, and Directors) for violating Ind AS and LODR Regulations by failing to account for interest expenses. The order firmly establishes that disclosure of non-compliance in 'Notes to Accounts' does not substitute for actual recognition in financial statements, emphasizing the board's collective responsibility for ensuring a 'true and fair' view."

The primary legal question was whether the suspended directors of a Corporate Debtor (a company undergoing insolvency) are legally obligated to sign the company’s financial statements during the Corporate Insolvency Resolution Process (CIRP).

Action Taken Report (ATR) documenting the remediation status and management comments for vulnerabilities identified during the half-yearly Cyber Security & Cyber Resilience Audit, as mandated under the SEBI CSCRF framework vide Circular No. : NSDL/POLICY/2026/0030

This FAQ offers brief and practical answers to common questions related to insolvency professionals, including eligibility, registration, roles and responsibilities, compliance requirements, disciplinary matters, and renewal processes, helping professionals understand and meet regulatory expectations. Last Updated in January, 2022

This FAQ provides clear, concise guidance for valuer entities seeking registration. It covers eligibility criteria, application procedures, documentation requirements, compliance obligations, and common issues faced during registration and renewal, helping applicants navigate the process efficiently. Updated as on 1st October, 2021

Updated limits and procedural norms of MF borrowing vide Circular No. HO/(92)2026-IMD-POD-2/I/6961/2026

Stricter third-party certification rules for "Green" bonds vide Circular No. HO/17/11/24(1)2026-DDHS-POD1/I/5967/2026

This FAQ document explains the eligibility requirements, registration procedure, examination process, and responsibilities for individuals applying to become registered valuers. Last Updated on: 1st October, 2021

The FAQs on Limited Insolvency Examination explain the rules, eligibility, exam pattern, registration process, fees, and result system for candidates appearing for the exam conducted by IBBI.

Updated Procedural forms for SEBI Registration vide Circular No.: HO/38/11/(5)2026-MIRSD-POD/I/5130/2026

The FAQs explain the process, roles, timelines, and legal provisions involved in the Corporate Insolvency Resolution Process (CIRP). They clarify common doubts about how a financially distressed company is resolved through a structured legal process.

The FAQs on Limited Insolvency Examination explain the rules, eligibility, exam pattern, registration process, fees, and result system for candidates appearing for the exam conducted by IBBI.

Consolidation of all IA-related operational norms vide Circular No. -HO/38/12/11(2)2026-MIRSD-POD/I/4300/2026

The FAQs on Limited Insolvency Examination explain the rules, eligibility, exam pattern, registration process, fees, and result system for candidates appearing for the exam conducted by IBBI.

The FAQs on Limited Insolvency Examination explain the rules, eligibility, exam pattern, registration process, fees, and result system for candidates appearing for the exam conducted by IBBI.

New replacement for the 1992, Regulation. A regulation that embodies the regulatory framework for registration of stock brokers and clearing members, specifying their operational and general obligations and responsibilities, and for matters connected therewith or incidental thereto.

This FAQs provides answers to common queries related to the Valuation Examination conducted by the IBBI for individuals seeking registration as Registered Valuers under the Companies (Registered Valuers and Valuation) Rules, 2017. It explains the eligibility criteria, examination process, syllabus, registration requirements, and other procedural aspects for candidates appearing in valuation examinations for different asset classes such as land & building, plant & machinery, and securities or financial assets.

Standardized reporting for Specialized Investment Funds vide Circular No.: HO/24/13/12(4)2025-IMD-POD-1/I/2062/2026

"Extension of the Single Filing System through API-based integration between Stock Exchanges to include Integrated Filing (Financials) under Regulation 33, 23(9), and 32(1) of SEBI (LODR) Regulations, effective from January 03, 2026."