Entries by Staff

The Detachment Dilemma: Cooling-off period for 2 term Independent Directors

Avinash Shetty, Manager l corplaw@vinodkothari.com Table of contents Introduction Role of IDs Appointment and Tenure Cooling Off period Conclusion Introduction  The year 2024 will witness one of the first and biggest board transitions when it comes to Independent Directors (“IDs”) serving for a decade in the Indian public companies, either listed or unlisted. This is […]

Trade Receivables Financing: Tale of 3 Modalities

Dayita Kanodia | Finserv@vinodkothari.com Trade receivables form part of an important part of working capital, and given the increasing trend toward the provision of buyers’ credit, occupying an ever-increasing part thereof. Traditionally, it is funded by usual modes of working capital funding. However, businesses have been searching for alternative modes of receivables financing.  This article […]

Recovery of debt by HFCs and initiation of SARFAESI action in case of a decided civil suit: Two significant rulings by High Courts

-Shrestha Banerjee & Archisman Bhattacharjee I finserv@vinodkothari.com Introduction The High Courts of Madhya Pradesh and Kerala recently rendered two judgments delving into crucial legal inquiries surrounding the recoverability and enforcement of security interests in instances of borrower default via initiation of SARFAESI proceedings by financial institutions. The Madhya Pradesh High Court’s ruling specifically addresses the […]