Informative

SEBI-Imposed Penalty Qualifies As A 'Fine' & Is An 'Excluded Debt' U/S 79(15)(A) Of IBC: NCLAT Chennai

Update / Judgement Date

06 May 2025

Source

Live Law

Author

Team — WCP Legal Desk

Reading Time

1 min read

Insolvency & Bankruptcy CodeSEBI & SCRA

The National Company Law Appellate Tribunal (NCLAT) Chennai ruled that SEBI-imposed penalties qualify as "fines" excluded from insolvency proceedings under Section 79(15A) of the IBC. This decision maintains regulatory enforcement power by preventing the waiver of SEBI penalties during corporate insolvency resolution processes.

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SEBI-Imposed Penalty Qualifies As A 'Fine' & Is An 'Excluded Debt' U/S 79(15)(A) Of IBC: NCLAT Chennai

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