Capital loss on SREI NCDs

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When calculating capital loss on SREI NCDs following an IBC resolution, the realisation value should include the cash received, plus the value of any Security Receipts (SR) and Optionally Convertible Debentures (OCD) issued. These instruments will mature over several years, and their value contributes to the total realisation.

Atul R

Atul R (Querist)
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05 March 2024 Under IBC resolution I have received some cash and some Security Receipts (SR) and Optionally Convertible Debentures (OCD) against SREI NCDs. These SR and OCD will mature over a period of 5-8 years. While calculating Capital Loss on SREI NCDs, what should be the realization value - cash amount or cash+SR+OCD?