Sebi Tuesday proposed to amend the regulatory framework for a category of Alternative Investment Funds, called the Special Situation Funds, to facilitate the acquisition of stressed loans and support the resolution of stressed assets in the Indian financial system
The AIF regulations to specify that SSFs shall not invest in or acquire a special situation asset if any of its investors is disqualified in terms of Section 29A of IBC (Insolvency and Bankruptcy Code) in relation to such special situation asset.”
Sebi on Tuesday proposed changes in the regulatory framework for Special Situation Funds to facilitate the acquisition of stressed loans.
Special Situation Funds (SSFs) are sub-category Alternative Investment Funds (AIFs).
In a consultation paper, Sebi suggested a definition of special situation
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