India: Financial Services

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Finance law and banking law thought leadership, articles, podcasts, videos and webinars from expert sources across the legal world. Explore insights covering topics such as capital adequacy, BASEL, acquisition finance, debt capital markets, fund finance, islamic finance, securitization and structured finance.
Article
No Private University To Operate As A Profit-Making Institution: Supreme Court’s Recent Order
The Supreme Court vide its recent order dated September 17, 2026 (“Order”) in the matter of Ayesha Jain v. Amity University, Noida & Ors., [W.P. (C) No. 531/2025] came down heavily on the manner of operation of universities and issued a series of stringent directions requiring greater disclosure by universities, including with respect to their finances, admissions, staffing, grievance redressal and regulatory compliance
India Finance
LO
LexCounsel Law Offices
Article
Classification Of Corporate Guarantees As Financial Debt Under The Insolvency And Bankruptcy Code
A May 2026 ruling has clarified that corporate guarantees backed by security qualify as 'financial debt' under Section 5(8) of the Insolvency and Bankruptcy Code. This article analyses the legal reasoning, its implications for resolution applicants, financial creditors, and corporate groups, and the broader impact on insolvency restructuring and credit markets in India.
India Insolvency
Ka
Khurana and Khurana
Article
Aircraft Repossession vs Going-Concern Value: How India’s New Insolvency Framework Changes The Position Of Aircraft Lessors
Airline insolvency presents a particularly difficult problem for insolvency law because the assets most critical to keeping the airline operational may not belong to the airline at all. Aircraft are frequently held under operating leases. When an airline enters insolvency, therefore, the resolution professional (“RP”) may be required to preserve the corporate debtor as a going concern while the aircraft lessor seeks to enforce its contractual and international-law rights to recover possession of its aircraft.
India Transport
KS
King, Stubb & Kasiva
Article
Change In Law Compensation In India’s Power Sector: Is Full Restitution Possible Without Carrying Cost?
The Change in Law clause is a cornerstone of competitively bid power projects in India. It protects parties against unforeseen legislative and regulatory changes that alter the economic assumptions on which bids are submitted. The central objective is restitution: restoring the affected party to the same economic position as if the change had never occurred. Yet, in practice, Change in Law compensation under Power Purchase Agreements (PPAs) is often determined and paid years after the expenditure has been incurred.
India Energy
HA
HSA Advocates
Article
Navigating PE Exits From India: Regulatory Hurdles, Structural Optimisation And Deal Certainty
Private equity exits from India have reached record levels, but converting investment value into liquidity requires careful navigation of regulatory frameworks, tax structures, and strategic route selection. How can sponsors optimise exit readiness throughout the investment lifecycle to maximise deal certainty and preserve optionality across strategic sales, IPOs, secondary transactions, and public market sell-downs?
India Finance
LS
Lakshmikumaran & Sridharan
Article
SEBI Moves To Widen India’s Accredited Investor Pool
An accredited investor is a person SEBI recognises as having the financial capacity and sophistication to bear the risks of complex investment products. Accredited status acts as a gateway to SEBI-regulated products, including Alternative Investment Funds (AIFs) and Portfolio Management Services (PMS), and relaxes minimum ticket sizes. To qualify, an investor must meet an income or net worth threshold and obtain certification from a SEBI-recognised accreditation agency.
India Finance
BA
BTG Advaya
Article
The Auction Purchaser's Right To Be Heard: A Chennai Tribunal Ruling On Natural Justice Under The SARFAESI Act
The law of secured asset recovery in India has long been dominated by the binary contest between borrower and bank. Yet every so often a case arises that exposes the fragility of third-party interests caught in the crossfire. One such matter came before the Debt Recovery Tribunal in Chennai on 06.08.2026, when Presiding Officer Smt. S.V. Gowramma was called upon to decide whether a successful auction purchaser could be shut out of proceedings that would determine whether it ever obtained the property it had paid for.
India Finance
IL
IndiaLaw LLP
Article
SEBI Modifies Regulatory Framework For Online Bond Platform Provider
SEBI, by way of Circular dated 14.08.2026 issued modifications in the regulatory framework for Online Bond Platform Providers (“OBPPs”), including ease-of doing-business measures (“OBPP Circular”). The OBPP Circular amends Chapter XXI of the SEBI Master Circular on issue and listing of non-convertible securities, Securitised Debt Instruments, Security Receipts, MDS and Commercial paper dated 15.10.2025 (“NCS Master Circular”).
India Commercial
Sagus Legal
Article
Taxation And Other Laws (Amendment) Bill, 2026
With a view to mitigate the impact of external economic headwinds, provide stability to the domestic economy and support key sectors of strategic importance, the Government has introduced the Taxation and Other Laws (Amendment) Bill, 2026 (‘the Bill’) [in supersession of the earlier Income Tax (Amendment) Ordinance, 2026]. The Bill, as passed by the Lok Sabha on 6.08.2026, proposes amendments, inter-alia, to the Income-tax Act, 2025 (‘2025 Act’).
India Tax
VA
Vaish Associates Advocates
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