The MeITY notified the Digital Personal Data Protection (Removal of Difficulties) Order, 2026 (S.O. 5458(E)) on October 5, 2026, and it came into force on October 6, 2026. It is issued under section 43(1) of the DPDP Act, which allows the Centre to remove difficulties in giving effect to the Act through provisions not inconsistent... Continue Reading →
Defending Infrastructure Debt: Pledge Injunctions, SARFAESI/DRT Remedies, and Cross-Default Insulation
By: Nitin Jain An agreed refinancing can fail if an existing creditor acts before the new financing closes. Once enforcement rights arise over pledged assets, one creditor's action can affect control, trigger rights under another financing arrangement or leave the asset unavailable to the new lender. Defending enforcement action is not the problem but dealing... Continue Reading →
SEBI’s Push for Unbiased Financial Advice: Drawing the Line Between Advisory and Distribution
For years, India’s financial services industry operated in a grey zone where financial advice and product sales often went hand in hand. Investors seeking objective advice often found themselves steered toward commission-generating products, a structural conflict of interest hard-wired into traditional financial services groups. The problem was structural. When the same financial group advises clients... Continue Reading →
Refinancing Heavy Infrastructure Debt: Managing Maturity Cliffs, Private Credit and High-Value Collateral
By: Archana Balasubramanian A valuable asset does not solve a debt problem if it cannot generate cash before the debt falls due for long term projects, like infrastructure projects and engineering groups. Projects, operating businesses and long-term investments may take years to generate or release cash, while holding-company debt falls due on a fixed date.... Continue Reading →
Containing Multi-Creditor Friction: Standstills, Section 9 Defences and Promoter Guarantee Releases
By: Nitin Jain Diverging creditor timelines are what turn one company's cash shortfall into several separate fights at once. Once suppliers, lenders and a personal guarantor are each entitled to act on their own schedule, one creditor moving first can reshape what's left for everyone else which is a worse situation than the funding gap... Continue Reading →
Pre-Distress Restructuring: Working Capital Oxygenation, Supply-Chain Contracting, and Equity Preservation
By: Archana Balasubramanian Narrowing options are what turn an ordinary cash-timing gap into a forced equity surrender. The same tools that could close it early become unavailable, one by one, the longer a company waits. This piece traces that sequence through an Indian alcbev company whose 2026 settlement, covering thousands of crores across lenders, suppliers... Continue Reading →

