India: Finance and Banking

Under Regulations 44(1) and 59C of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, a public issue may be opened within twelve months and eighteen months respectively from the date of issuance of SEBI observations. SEBI received representations from the industry body highlighting difficulties faced by issuers in mobilizing resources and accessing capital markets due to ongoing geopolitical tensions in the Middle East

The Reserve Bank of India has introduced a dedicated regulatory framework for resolving loan accounts of borrowers affected by natural calamities and certain external disruptions.

Between January and April 2026, the Securities and Exchange Board of India ("SEBI") pushed through a dense cluster of circulars and regulatory amendments – touching everything from merchant banker registration to the way retail investors receive an abridged prospectus. Some of these changes were long overdue; others were triggered by market stress. All of them, taken together, amount to a fairly significant recalibration of how India's capital markets participants will need to conduct themselves going forwa

The National Company Law Appellate Tribunal examines whether personal guarantors remain liable for corporate debt after a resolution plan is approved for the corporate guarantor, and whether such claims are barred by limitation.

The National Company Law Tribunal, Ahmedabad Bench, in PM Copper Wire & Cables BHD v. Relicab Cable Manufacturing Ltd. (CP (IB) No. 63/AHM/2026, decided on 17th April 2026)...

The webinar, ‘Investing in India – Debt Capital Markets’, hosted by Khaitan & Co, provided foreign investors and their advisors a practical and strategic overview of India’s debt capital markets from a foreign investor’s perspective, covering investment routes, regulatory frameworks, tax considerations and recent reforms.

The National Company Law Appellate Tribunal, Principal Bench, New Delhi (“NCLAT”), In the case of Vistra ITCL (India) Limited vs. Vithal Madhukar Dahake and Ors.1, has considered whether a third-party mortgagor, which created security over its assets for the debt of another entity, could be treated as giving rise to a ‘financial debt’ under the Insolvency and Bankruptcy Code, 2016 (“IBC”). The appeal arose from an order of the National Company Law Tribunal, Mumbai (“NCLT”).

The National Company Law Appellate Tribunal delivered a landmark ruling on whether credit facilities restructured under RBI guidelines retain their secured status during liquidation proceedings without corresponding modification of charge registration. The judgment addresses the complex interplay between corporate debt restructuring, charge registration requirements under company law, and the insolvency resolution framework, establishing critical precedents for consortium lending practices.

The intersection of arbitration law and insolvency legislation has consistently presented complex jurisdictional and substantive challenges for Indian courts and tribunals.

DSK Legal's May 2026 newsletter delivers comprehensive updates across multiple practice areas including capital markets, competition law, dispute resolution, employment law, infrastructure, international trade, media and entertainment, corporate affairs, banking regulations, insolvency, sports and gaming, and white collar crime. The newsletter provides expert analysis and regulatory insights to help legal professionals and businesses navigate the evolving legal landscape across diverse sectors.

The May 2026 edition of Fox & Mandal's newsletter examines the net settlement mechanism for FPIs; revised registration norms for NBFCs; SEBI’s amended disqualification norms for intermediary; Draft National Water Metro Policy, 2026; FEM (Authorised Persons) Regulations, 2026; proposed alignment of the securitisation framework with RBI norms; and other changes in India's corporate, capital markets, infrastructure, and banking sectors

Such guarantees are commonly issued within corporate groups, typically by parent companies in favour of subsidiaries or related entities, to enable such entities to obtain financing from financial institutions.