Resolution Applicant

Represented the Operational Creditor in a section 9 IBC Petition before NCLT, Kolkata Bench

Represented the Operational Creditor in a section 9 IBC Petition before NCLT, Kolkata Bench

Following the Supreme Court’s order directing liquidation of Bhushan Power & Steel Ltd., this article highlights key legal uncertainties under the IBC—particularly relating to PMLA enforcement, resolution applicant eligibility, and post-approval powers of the CoC. It proposes specific legislative and regulatory reforms for the Government and IBBI to restore clarity, safeguard investor confidence, and strengthen India’s insolvency framework.

In a landmark judgment, the Singapore High Court recognised India’s Corporate Insolvency Resolution Process (CIRP) under the IBC, 2016 by applying the UNCITRAL Model Law on Cross-Border Insolvency. This case marks a significant precedent for international recognition of Indian insolvency proceedings and reinforces the urgent need for India to formally adopt the Model Law to ensure cross-border efficiency and asset recovery.

The U.S. President’s recent order imposing a 26% tariff on imports from India—currently suspended until July 2025—has sparked economic uncertainty. This article examines the tariff’s potential impact on Indian exports, inflation, FII outflows, and sector-specific effects, while also analysing India’s monetary response, global trade dynamics, and the urgent need for bilateral negotiations to safeguard national interests.

The Maharashtra Stamp (Amendment) Ordinance, 2024 introduces a steep ad valorem stamp duty on arbitral awards, significantly increasing costs for award holders and potentially disincentivising arbitration in the state. This update examines the key provisions, legal implications, and comparative frameworks—raising critical questions about enforceability, access to justice, and Maharashtra’s future as a preferred arbitration seat.

We advised Bankit Services Private Limited and its selling shareholders on the full acquisition of the company by Transaction Solutions International (India) Pvt. Ltd., a subsidiary of ASX-listed fintech firm Findi Ltd. The deal marks a significant strategic investment in India’s digital payments space.

We successfully represented Probability Sports (India) Pvt. Ltd. before the Bombay High Court, where the Division Bench upheld the denial of interim relief to Jupicos Entertainment Pvt. Ltd., affirming that the claim was delayed, the agreement was terminable, and damages—not specific performance—were the appropriate remedy.