High-Stakes IBC Recovery: Coordinating Section 95 Actions against Personal Guarantors with Parallel Debt Recovery Strategies

By: Nitin Jain Lenders increasingly evaluate recovery across every available layer of credit support rather than treating corporate insolvency as a standalone proceeding. A default is no longer assessed only against the borrower’s assets, security package or restructuring prospects; it is measured by the speed and effectiveness with which multiple recovery mechanisms can be coordinated.... Continue Reading →

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The New Buy-Back Playbook: Easing Capital Exits Without the Merchant Banker Safety Net

By Archana Balasubramanian SEBI’s June 19, 2026 board approval reintroduces open-market buybacks through stock exchanges from August 1, 2026, permits completion through a compressed 66-working-day framework, and makes the merchant banker appointment discretionary. This is a significant change from the earlier framework, where appointing a merchant banker was mandatory and much of the execution process... Continue Reading →

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Use of IPO Proceeds: Why SEBI Questions “General Corporate Purpose” More Closely Today?

This is Part – VIII of the Capital Markets article series. An Initial Public Offering (IPO) is a landmark event in the lifecycle of any company. Beyond the transfer of stakes, rebalancing of the capital structure, etc., the IPO acts as a fundamental public trust exercise where the retail and institutional investors commit capital subject... Continue Reading →

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When the Market Opens and the Investigation Has Already Begun

- By Nitin Jain Indian capital markets have evolved faster than the legal systems designed to regulate them. With the Securities and Exchange Board of India (SEBI) introducing automated price-band widening during pre-open call auctions alongside instant PAN-based validation, the regulatory apparatus is now entirely digital, instantaneous, and rigid. For high-frequency trading (HFT) desks, algorithmic... Continue Reading →

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Corporate Governance Before IPO: Why “Founder-Led” cannot mean “Founder-Controlled?”

This is Part – VII of the Capital Market article series. Introduction The journey from a privately held, founder-driven enterprise to a publicly listed company is among the most consequential transitions a business will ever undertake. Going public isn’t just about raising capital but a radical reordering of accountability. It forces founders to share ownership... Continue Reading →

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75% OYO parent IPO proceeds to pare debt.

Mint featured our partner, Archana Balasubramanian who commented: "The most sensitive is usually the financial covenant package: loan-to-value or security-cover ratios tied to the value of the pledged shares, where a fall in implied value can require a top-up or trigger acceleration without any payment default at all", in its story titled 75% OYO parent... Continue Reading →

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