Introduction: Need for streamlined MSME Insolvency Regime Origin of PPIRP Pre-Packaged Insolvency Resolution Process (PPIRP) symbolises a crucial and targeted legislative evolution within the Indian framework of Insolvency i.e. Insolvency and Bankruptcy Code (IBC), 2016. PPIRP has been formulated with purpose to address the financial challenges faced by MSMEs by implementing a streamlined, hybrid mechanism... Continue Reading →
The Whistleblower Complaint That Should Have Prevented the Crisis
By: Archana Balasubramanian Well-functioning audit committees approach whistleblower complaints not as compliance artifacts but governance signals. They deliberately expect complaints to surface uncomfortable truths, not be statistically managed. They design whistleblower mechanisms to function as early-warning systems which are imperfect, noisy, but essential for identifying risks before they become regulatory, financial, or reputational crises. In... Continue Reading →
Pre-IPO Reorganisations: How to Eliminate Post-Listing RPT Litigation Narratives Before They Start
Author: Archana Balasubramanian Late-stage companies approaching IPO often discover their corporate structures, optimised for operational efficiency during growth phase, create related party transaction exposures that institutional investors and minority shareholders will challenge post-listing. The instinct is to defer restructuring until after raising capital. This instinct, while financially understandable, creates legal risks that vastly exceed the... Continue Reading →
BIRA 91 – Case Study
Background Bira 91 is a prominent Indian craft beer brand, established in 2015 by entrepreneur Ankur Jain, and was manufactured by the entity B9 Beverages Pvt Ltd. The brand quickly disrupted the Indian beer market, standing out for its diverse flavors, contemporary branding, and its focus on urban millennial geographical market. The company was able... Continue Reading →
The Draft Amendment to the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021
Introduction Due to recent advancements in technology and artificial intelligence there have been numerous incidents of misuse of synthetically generated information like deepfakes, misinformation and other unlawful content. This has caused damages to numerous individuals, violating their privacy and harming various users. Generative artificial intelligence has the ability to create false information infringing on the... Continue Reading →
IPO-Ready? Why Exchanges Care Deeply About Your ‘Chain of Agreements’
Author: Archana Balasubramanian Have you been or heard from an IPO aspirant encountering unexpected delays or rejections during SEBI scrutiny on their path to listing? Despite planning initial public offerings having collected three years of audited financials, compliance certifications, board restructuring, and the draft red herring prospectus? The delays are not because their financials are weak,... Continue Reading →

