Sebi 'defers' implementation of the loan default disclosure framework

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 The circular, however, was withdrawn a day before implementation due to regulatory complications.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When asked if the circular has been permanently withdrawn, Tyagi said: "I cannot comment on that...the board will have to decide."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