By Nitin Jain Introduction Parliament passed amendments to the Insolvency and Bankruptcy Code last week. The headlines focused on faster timelines, a new creditor-initiated framework, and long-overdue provisions on group insolvency. For a particular category of business - mid-market companies carrying meaningful receivables exposure to a customer or counterparty, what matters most in those amendments... Continue Reading →
Mint featured our partner, Archana Balasubramanian, who commented, "In contrast, a private equity or strategic transaction may involve lower immediate costs but introduces greater legal and structural complexity, given the negotiated nature of control rights, governance arrangements, and exit pathways", in its story titled Track Two: Indian IPO-Bound Firms explore private sales alongside listing plans.... Continue Reading →
By: Archana Balasubramanian Introduction A Change-in-Law clause is not a guarantee of compensation but is an evidentiary structure that fails the moment a company prioritizes financial certainty over contractual discipline. The Change-in-Law problem does not sit inside a legal debate about constitutional validity because the core struggle is not about whether a law is “fair,”... Continue Reading →
By: Archana Balasubramanian Payment platforms and fintech companies are transitioning from password-based authentication to passkeys, biometrics, and other device-based verification methods. This shift improves security and user experience, but it creates a specific challenge for companies preparing for public listings: existing fraud liability frameworks don't account for the new authentication architecture. SEBI's scrutiny of fintech... Continue Reading →
Mint featured our Partner, Archana Balasubramanian, who commented: “Allowing Sebi’s observation letter to lapse is effectively a restart of the IPO process. From a cost perspective, issuers must again incur legal, merchant banking, auditing and diligence expenses, which can cumulatively run into several crores, depending on the size of the issue”, in its story Rs.... Continue Reading →
By: Archana Balasubramanian Companies building with artificial intelligence tools face a specific challenge during early-stage fundraising. Venture capital diligence now includes detailed review of AI and machine learning procurement contracts. The questions being asked have become quite specific: Who owns the IP when AI generates outputs? How is data processing handled under the Digital Personal... Continue Reading →
