Entries by Staff

Capital subject to “Caps”: RBI relaxes norms for investment by REs in AIFs, subject to threshold limits

May 22, 2025 /0 Comments/in , , , , , /by

-Sikha Bansal (finserv@vinodkothari.com) Introduction The RBI has issued Draft Reserve Bank of India (Investment in AIF) Directions, 2025 (‘Draft Directions’), vide Press Release dated 19th May, 2025, marking a significant revision to the existing regulatory framework governing investments by regulated entities (REs) in Alternative Investment Funds (AIFs). These new directions, once finalised, will replace the […]

Fizzled out at NCLAT: No fizz for interest on unpaid MSME dues

May 13, 2025 /0 Comments/in /by

Neha Malu and Prerna Roy | resolution@vinodkothari.com NCLAT in the matter of SNJ Synthetics Limited v. PepsiCo India Holdings Private Limited, rejected the section 9 application filed by an MSME operational creditor on the ground that the amount of default (excluding interest accrued as per sec 15 and 16 of MSMED Act) was less than […]

Online Authentication of Aadhaar: Exclusive Club, Members Only!

May 6, 2025 /0 Comments/in , , /by

-Archisman Bhattacharjee (finserv@vinodkothari.com) Introduction The Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits, and Services) Act, 2016 (‘Aadhaar Act’) was introduced with a clear vision: to ensure efficient, transparent, and targeted delivery of subsidies, benefits, and services, fostering good governance. While its preamble underscores these fundamental objectives, Aadhaar’s role has expanded far beyond its […]

SEBI Securitisation Regulations: Track Record, Risk retention and Investment size among several new requirements

May 6, 2025 /0 Comments/in , , , , /by

– Dayita Kanodia (finserv@vinodkothari.com) Requirements to apply to all listed issuances, from financial and non-financial issuers Below are the major highlights of the SDI amendment regulations: SEBI on May 5, 2025 has issued the SEBI (Issue and Listing of Securitised Debt Instruments and Security Receipts) (Amendment) Regulations. 2025. It may be noted that the SDI […]

Supreme Court’s Judgment in Bhushan Power and Steel Ltd.: a wake up call for the Resolution Professionals and Committee of Creditors

May 6, 2025 /0 Comments/in , , , /by

Team Resolution | resolution@vinodkothari.com The Supreme Court judgement in the matter of Kalyani Transco v. Bhushan Power and Steel Ltd., set aside the resolution plan for Bhushan Power and Steel Ltd., and directed liquidation, after almost 6 years the resolution plan was approved by National Company Law Tribunal, citing  significant gaps in the conduct of […]