The National Stock Exchange of India (NSE) has issued a Circular on Additional Surveillance Measure under the Insolvency and Bankruptcy Code (IBC). This Circular was issued on 13th February, 2023.
From 14th February, 2023, the specified securities in Annexure I have satisfied the criteria under ASM for companies as per IBC. Moreover, the specified securities in Annexure II have satisfied the exclusion criteria under ASM for companies as per IBC.
The ASM IBC will be in conjunction with all other prevailing surveillance measures imposed by the exchanges from time to time.
Additionally, shortlisting of securities under ASM IBC is on account of market surveillance and should not be interpreted as adverse action against concerned company/ entity.