Blog Posts
-
Investing in the IPL: The Legal Playbook for IPL Franchise Investments
[Rajat Sethi (Partner), Dhruv Nath (Partner), V Sreedharan (Associate) and Akshay Dhekane (Associate) are with S&R Associates, Advocates] Since its launch in 2008, the Indian Premier League (“IPL”) has grown into one of the world’s most successful sporting competitions. In recent years, franchise valuations have soared, media rights deals have hit record highs, and brand partnerships have expanded across sectors, drawing global…
-
Resolving Without Deciding: Disputed Assets and Insolvency Jurisdiction After Gloster
[Anamika Singh and Tarun Chittupalli are 3rd year B.A. LL.B. Hons. students at National Law Institute University, Bhopal] In a recent decision in Gloster Limited v. Gloster Cables Limited (22 January 2026), the Supreme Court examined the scope of the National Company Law Tribunal’s (NCLT) jurisdiction under section 60(5) of the Insolvency and Bankruptcy Code, 2016 (IBC). The Court was called…
-
Jindal Equipment Case: Clarifying Taxation of Stock-in-Trade in Amalgamations
[Kashvi Singh and Abhilipsha Naik are 3rd year students at National Law University, Odisha] Corporate amalgamations are a common tool for restructuring business groups, enabling consolidation, efficiency, and strategic realignment. A crucial determinant of the commercial viability of such mergers is their tax treatment, particularly in relation to share-for-share exchanges between the amalgamating and amalgamated companies. Traditionally, Indian tax…
-
The Valuation Paradox: A Structural Critique of the IBC’s Liquidation Floor
[Aayush Gugnani is a Senior Status LLB candidate at Queen Mary, University of London (QMUL) with a Master’s in Economics from the University of Ottawa] The Insolvency and Bankruptcy Code, 2016 (‘IBC’) is normatively anchored in the objective of value maximisation of the corporate debtor’s assets, as repeatedly affirmed by the Supreme Court in decisions such as Swiss Ribbons v. Union of…
-
Financial Regulation in the Age of AI: India’s Balancing Act
[Shuchi Agrawal is a financial regulatory lawyer and researcher] In the last decade, India has emerged as a pioneer in digital public infrastructure (“DPI”) platforms. The country has made substantial technological advances through Aadhaar, Unified Payments Interface (“UPI”) and DigiLocker. Through these innovations, India has leveraged technology for social and financial development. This has also had the effect…
-
Rethinking Retail Participation: SEBI’s Proposal to Permit Incentives in Public Debt Offerings
[Sharnam Agarwal and Siddhant Samaiya are 3rd year students at National Law Institute University, Bhopal] Last month, the board of the Securities and Exchange Board of India (“SEBI”) approved a proposed amendment relating to public debt offerings, following its October 2025 consultation paper. The amendment permits issuers to provide higher coupons or issue-price discounts to specific investor classes, including senior citizens, women, armed forces…
-
The Bankers Are Coming: RBI’s Architecture for Bank-Financed Takeovers
[Rudraksh Misra is a 3rd Year B.A.LL.B. (Hons.) Student at Hidayatullah National Law University, Raipur] In October 2025, the Reserve Bank of India (‘RBI’) issued the draft RBI (Commercial Banks – Capital Market Exposure) Directions, 2025 (‘RBI Draft Directions’) proposing to allow banks to finance corporate takeovers, a marked departure from decades of regulations that effectively barred banks from funding such acquisitions.…
-
Debtors Without Borders: Navigating India’s IBC 2016 and Foreign Lending
[Varsha S. Banta is an India-qualified lawyer, and Senior Resident Fellow (Corporate Law & Financial Regulation) at the Vidhi Centre for Legal Policy, New Delhi] On August 12, 2025, close to a decade after the enactment of the Indian Insolvency and Bankruptcy Code, 2016 (IBC), the Government of India (GoI) introduced the largest set of amendments through the Insolvency and…
