Kotak Securities has also made Sebi a party in the case. The division bench of Justice GS Kulkarni and Justice Jitendra Jain has allowed all the respondents to file their responses in the case and has posted the hearing for January 16. As per the court s website, Kotak Sec filed the case on November 24.
New Reserve Bank of India (RBI) norms for infrastructure debt funds (IDFs) opens up new avenues of funding and capital raising and also provides these companies with wider segments for lending. However, easier guidelines alao mean that these companies will have to improve their risk and underwriting standards, rating agency ICRA said​.