 "Ajay Tyagi")
Capital market regulator Securities and Exchange of India (Sebi) has 'deferred' implementation of the loan default disclosure framework.
Last year, Sebi had issued a circular mandating listed companies to disclose within 24 hours any bank loan default. The circular, however, was withdrawn a day before implementation due to regulatory complications.
"The issue got deferred at our last board meeting," said Sebi Chairman Ajay Tyagi on the sidelines of a conference organised by industry body IVCA.
When asked if the circular has been permanently withdrawn, Tyagi said: "I cannot comment on that...the board will have to decide."
Sebi's circular was seen
