By a judgment dated November 15, 2019, the Supreme Court of India has put an end to the long drawn out battle for the acquisition of steel giant – Essar Steel India Limited under India's newly introduced insolvency legislation.

In the light of the economic upheaval on account of the COVID-19 pandemic and the resultant restrictions on economic activity...

As of December 2024, insolvencies in the real estate sector accounted for approximately 22% of admitted cases under the Insolvency and Bankruptcy Code, 2016 ("IBC"), making it second only to the manufacturing sector that accounted for 37% of admitted cases.

On March 27, 2022, PVR Limited ("PVR") announced that it proposes to merge with INOX Leisure Limited. Pursuant to the merger, the shareholders of INOX will receive shares of PVR at the approved share exchange (swap) ratio.

Regulatory initiatives to build the legal frameworks around environmental, social and governance ("ESG") disclosures in India, are at a nascent stage but are not of recent origin.

On March 26, the Supreme Court delivered its verdict in a matter that has grabbed headlines for more than four years.

The outbreak of the coronavirus disease 2019 (COVID-19) pandemic has caused widespread disruption of businesses and daily life.

In a share swap transaction, consideration is discharged through the issuance or transfer of securities by the acquiring company, rather than cash. This approach alleviates liquidity constraints and may enable.

Transparency and disclosure are the basic tenets of any efficient securities market. However, one cannot deny that various market participants are placed differently regarding access to information...

On September 19, 2022, the Supreme Court in a significant decision on insider trading law in Securities and Exchange Board of India v. Abhijit Rajan held that an insider's motive to make profit ...

Recently in the budget speech delivered by the Finance Minister for 2021-22, the Government announced a new policy on Disinvestment which marked a significant shift from the position that has prevailed thus far.

On July 12, 2022, the Supreme Court of India ("Supreme Court") in Vidarbha Industries Power Limited v. Axis Bank Limited ("Vidarbha"), held that Section 7(5)(a) of the Insolvency and Bankruptcy Code, 2016 ("IBC")...

On February 22, 2023, the Securities and Exchange Board of India ("SEBI") released a consultation paper on, among other things, amendments to the underwriting framework applicable to public offerings

Compulsorily convertible debentures ("CCDs"), as the type suggests, are debentures that are compulsorily convertible into equity shares.

Although the objectives of the erstwhile restriction on "round tripping" were laudable, such restriction had an unintended chilling effect on legitimate transactions.

The Insolvency and Bankruptcy Code, 2016 ("IBC") prescribes an order of priority in which debts owed by the corporate debtor are required to be paid in case of resolution or liquidation.

Certain amendments have been introduced to the Indian merger control regime under the Competition Act, 2002 ("Competition Act") and the regulations framed thereunder...

For the success of any insolvency regime, it is critical that distressed companies are prevented from takings measures which could hamper recovery to creditors in the event insolvency proceedings were to commence.

The Digital Personal Data Protection Act, 2023 (the "DPDP Act"), published in India's official gazette last year, is a new law regulating the collection, storage, use and processing of personal data.

To achieve its net-zero targets without hindering energy security or economic growth, India needs to tap into all possible sources of low-carbon energy.