Initiation of insolvency proceedings against personal guarantors: Indian courts freeze Anil Ambani’s assets
On November 15, 2019, the Indian government notified the commencement of Part III of the Insolvency and Bankruptcy Code, 2016 (IBC), which provides...
Yes Bank vs Zee: a curious case of comfort & guarantee
Introduction Letters of Comfort (LoC) have been issued by the promoters of various borrower companies to Indian banks, overseas branches of Indian...
The Post-COVID PE and VC investment scenario in India
COVID-19 is having an adverse effect on private equity and venture capital investments in India. As per industry reports and experts’ views, PE and...
Taxation of seconded employee salary reimbursements and permanent establishment impact
In the recent case of Yum Restaurants (Asia) Pte, the Delhi Income Tax Appellate Tribunal (Delhi Tribunal) has held that payments received by a...
M&A in stressed Indian companies: will the SEBI amendments help?
The SEBI has permitted stressed companies to undertake a preferential issue at a price, which is the average of the weekly high and low of the...
Measures taken by India’s securities regulator to ease capital raising by listed companies
After the nationwide lockdown was imposed in the third week of March, India’s Securities and Exchange Board of India (the “SEBI”) has been...