An order of the Delhi high court obtained by private sector lender IndiabullsNSE -5.00 % Housing Finance against markets regulator Sebi has put mutual fund houses in a tight spot. The HC has granted Indiabulls, a non-banking financial company (NBFC), the permission to not pay its debenture holders, including fund houses, interest and principal as long as the RBI allows banks and NBFCs to offer moratorium to their borrowers. Fund managers now fear that other NBFCs may take the same route ..
Health, life insurance premiums need a tax cut? GoM to meet on October 19
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