Entries by Staff

Closing in on Implementation of IFRS for banks: RBI proposes expected loss write down for banks

Qasim Saif, Vice President | finserv@vinodkothari.com This was being deferred for quite some time, but now it is time to move to expected credit loss provisioning. In a spate of regulatory proposals on 1st October, as a part of Statement on Developmental and Regulatory Policies, the RBI has proposed to come with proposed implementation of […]

Kabhi Naa, Kabhi Haan: Key Takeaways from the SC’s verdict in Bhushan Steel

– Sikha Bansal, Senior Partner | resolution@vinodkothari.com The proceedings in Bhushan Steel now take a U-turn, as the SC ruling has upheld the resolution plan of SRA. Earlier, the SC had ordered liquidation of the CD.  Here is a quick round up of important takeaways from the verdict: Ruling available here: https://api.sci.gov.in/supremecourt/2020/7358/7358_2020_1_1501_64744_Judgement_26-Sep-2025.pdf Read more: Done, […]

Legal issues in factoring business in India

Originally by Nidhi Bothra (2011) | Updated by Simrat Singh | finserv@vinodkothari.com  Credit Factoring or simply factoring is an asset backed means of financing (tripartite agreement between the buyer, seller and the factor), whereby the account receivables are assigned to a third party called factor for a discount, releasing the tied-up capital and providing financial […]

All in the Group and still a Customer! 

Whether lending to a group entity should be considered as customer-interface? -Archisman Bhattacharjee | finserv@vinodkothari.com Introduction A significant  part of the RBI’s regulatory framework for Non-Banking Financial Companies (NBFCs) hinges on a fundamental distinction: whether or not an NBFC maintains a customer interface. This is not a mere definitional distinction; it is a classification that […]

CIV-ilizing Co-investments: SEBI’s new framework for Co-investments under AIF Regulations

Payal Agarwal, Partner and Simrat Singh, Senior Executive | Finserv@vinodkothari.com Background Within an AIF structure, funds are committed by the investors and the AIF in turn, through its Investment Manager, makes investments in investee entities in line with the fund’s strategy. Situations may arise where an investee company of the AIF may require additional capital, […]