The resolution of insolvent Reliance Capital Ltd. may face further delays due to a dispute with Credit Suisse AG.
Akil Hirani, Managing Partner, was quoted in BQ Prime on the topic.
“Since the Insolvency & Bankruptcy Code prescribes that all matters relating to an insolvent company are to be clubbed under the NCLT, that is most likely the next step. Reliance Capital’s creditors may look to challenge the pledge by claiming that there was a breach of contract”, he said.
Majmudar & Partners has been ranked by IFLR1000 across multiple practice areas. Our partners Akil Hirani and Rukshad Davar have been recognized as highly regarded lawyers in Banking, M&A, and Real Estate Acquisitions. The IFLR1000 2024 rankings have been...
The Reserve Bank of India has recently notified that shares held by foreign portfolio investors (FPIs) in listed Indian companies in excess of the 10% investment cap will either have to be divested or reclassified as foreign direct investment (FDI). Moreover, on...
We are honoured to be recognised as a Top Corporate M&A Boutique Firm for 2024 by Asian Legal Business India. Read more here.
We are pleased to share that Akil Hirani, Managing Partner and Head of Transactions, Rukshad Davar, Partner and Head - M&A Practice Group, and Ravi S. Raghavan, Partner - Tax and Private Client Group, have been recognized as leading lawyers by Legal Era in their...
Akil Hirani, Managing Partner and Head of Transactions, shared his insights on the impact of the US elections on business and legal activity in India in a recent article published in the Indian Business Law Journal. "US policies post-election could impact both...
Insider trading refers to the practice of trading a company's securities based on Unpublished Price Sensitive Information (“UPSI”), which is not available in the public domain. UPSI encompasses any information that, when made public, can significantly influence the...