India’s Supreme Court allows disqualified resolution applicants to cure ineligibility
Under India’s Insolvency and Bankruptcy Code, 2016 (the “Code”), a potential bidder (who has been party to or caused the indebtedness and insolvency...
India’s Supreme Court rules on constitutional validity of AADHAR
Background On March 26, 2016, the Indian government promulgated the Aadhar (Targeted Delivery of Financial and Other Subsidies, Benefits and...
Supreme Court refuses to entertain insolvency petition on account of pending arbitration
Introduction In a recent judgment in the case of K. Kishan v. Vijay Nirman Company Pvt. Ltd., India’s Supreme Court (the “Supreme Court”) has...
Key amendments to the Specific Relief Act, 1963
Introduction India’s Specific Relief Act, 1963 (the “Act”) permits a party to seek specific performance of a contract as an alternative to seeking...
India’s proposed data privacy law: a critique
On July 27, 2018, the committee of experts under the chairmanship of Justice B. N. Srikrishna (the “Committee”) released a report titled, “A Free...
Unsecured lending transactions can amount to an acquisition of control of a listed company: a critique
In India, under the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (the “Takeover...