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 →
When Sponsorship Rights Stop Protecting the Brand
By Archana Balasubramanian A sponsorship may cover broadcast exposure, category exclusivity and association with the event. Two days before the event, a regulatory restriction makes the sponsor’s product difficult to advertise, while the rights holder continues to expect payment.The sponsor may therefore be paying for rights it can no longer use. The immediate question is... Continue Reading →
When a Foreign Judgment Collides with the Arbitral Seat
By Nitin Jain A home-court judgment does not automatically bring an ongoing international arbitration to an end.Host-state courts and courts at the arbitral seat exercise different powers. Treating a local order as binding on the arbitration can lead a company to waive arbitral rights, stop participating before the tribunal or weaken its enforcement position. Companies... Continue Reading →
When Closing Does Not Mean the Business Has Actually Transferred
Business transfers can fail even after legal closing when operational contracts, tax and stamp-duty treatment, and governance rights have not been dealt with together. The buyer may acquire the business legally but still face disrupted operations, restricted commercial rights or unexpected tax liabilities from the first day. Two recent transactions illustrate the point without suggesting... Continue Reading →

