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An early-stage investor (Investor) often encounters situations where its prospective target (Company) has a mixed bag of shareholders.

Banks may now carry out business of factoring departmentally, without obtaining a prior approval of RBI, subject to the conditions set out in the Circular.

By its circular No.DNBR.021/CGM (CDS) - 2015 dated 14 May 2015 (the "Circular"), the Reserve Bank of India ("RBI") has amended the Infrastructure Debt Fund-Non-Banking Financial Companies (Reserve Bank) Directions...

The real estate sector has been facing a slowdown for the past few years which has been exacerbated by the coronavirus pandemic...

On May 14, 2020, SEBI issued a circular (Circular) granting a one-time relaxation from strict enforcement of procedural requirements under Regulation 18(2) of the Takeover Regulations...

HSA Advocates acted as Borrower’s legal counsel to Inox Clean Energy Limited, on availing of a rupee term loan facility of up to INR 1250 Crores from Tata Capital Limited for inter alia infusion of funds in group companies/ Project SPVs. The financing supports Inox Clean’s renewable energy portfolio.

Ministry of Environment, Forest and Climate Change (MoEFCC) issued a Draft EIA Notification, 2020 (Draft Notification) which will replace the earlier EIA Notification, 2006.

Appeal was filed by Clearsky Solar Pvt Ltd (Clearsky) before the Appellate Tribunal for Electricity (APTEL) challenging the Karnataka Electricity Regulatory Commission (KERC)...

Pursuant to Press Note 3 and NDI Amendment Rules, India's FDI policy underwent an amendment in March & April 2020, requiring a prior approval of the Government of India...

India's Ministry of Corporate Affairs recently released a Discussion Paper inviting public comments on proposed changes to the Insolvency and Bankruptcy Code, 2016.

On September 01, 2023 India International Arbitration Centre (Conduct of Arbitration) Regulations, 2023 (Regulations) were notified in the Gazette of India.

Women play an integral part in developing a balanced and inclusive workplace. With the objective of preventing and protecting women at the workplace and to ensure effective redressal of...

One of the key issues before the Ld. Madhya Pradesh Electricity Regulatory Commission (“MPERC”) was whether MB Power was entitled to gross-up its Return on Equity (“RoE”) notwithstanding the fact that, at the corporate level, it had not paid income tax during certain years owing to losses and unabsorbed depreciation arising from its other businesses. MPPMCL opposed the claim, inter alia, on the grounds that the claim was barred by limitation and that grossing-up could not be permitted in the absence of actual tax payment by the corporate entity.

As India's clean energy transition accelerates, the compliance landscape is becoming increasingly demanding for captive and open access consumers.

As per the Foreign Direct Investment (FDI) policy, 100% overseas investments are permitted in defence industry. Earlier, up to 49% was permitted under automatic route

As part of the stimulus package for Covid-19, the Government of India enhanced the Foreign Direct Investment (FDI) in the defence sector up to 74% under automatic route.

A Disclosure Letter (DL) is a key risk allocation tool in any M&A/PE/VC transaction. In the discussions below, we cover a few elemental aspects of a DL, both from a Sellers' and Buyers' perspective.