[Shuchi Agrawal is a financial regulatory lawyer and researcher] In the last decade, India has emerged as a pioneer in digital public infrastructure (“DPI”) platforms. The country has made substantial technological advances through Aadhaar, Unified Payments Interface (“UPI”) and DigiLocker. Through these innovations, India has leveraged technology for social and financial development. This has also had the effect
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Rethinking Retail Participation: SEBI’s Proposal to Permit Incentives in Public Debt Offerings
[Sharnam Agarwal and Siddhant Samaiya are 3rd year students at National Law Institute University, Bhopal] Last month, the board of the Securities and Exchange Board of India (“SEBI”) approved a proposed amendment relating to public debt offerings, following its October 2025 consultation paper. The amendment permits issuers to provide higher coupons or issue-price discounts to specific investor classes, including senior citizens, women, armed forces
... Continue Reading.The Bankers Are Coming: RBI’s Architecture for Bank-Financed Takeovers
[Rudraksh Misra is a 3rd Year B.A.LL.B. (Hons.) Student at Hidayatullah National Law University, Raipur] In October 2025, the Reserve Bank of India (‘RBI’) issued the draft RBI (Commercial Banks – Capital Market Exposure) Directions, 2025 (‘RBI Draft Directions’) proposing to allow banks to finance corporate takeovers, a marked departure from decades of regulations that effectively barred banks from funding such acquisitions.
... Continue Reading.Debtors Without Borders: Navigating India’s IBC 2016 and Foreign Lending
[Varsha S. Banta is an India-qualified lawyer, and Senior Resident Fellow (Corporate Law & Financial Regulation) at the Vidhi Centre for Legal Policy, New Delhi] On August 12, 2025, close to a decade after the enactment of the Indian Insolvency and Bankruptcy Code, 2016 (IBC), the Government of India (GoI) introduced the largest set of amendments through the Insolvency and
... Continue Reading.Equality By Design: SEBI’s Latest Blueprint for AIF Investor Rights
[Kritika Jain and Niharika Singh are 4th Year B.B.A. LL.B. (Hons.) and B.A. LL.B. (Hons.) students, respectively, at Gujarat National Law University, Gandhinagar] On November 7, 2025, the Securities and Exchange Board of India (‘SEBI’) released a draft circular (the ‘Draft Circular’) seeking public comments on operational clarifications to pro-rata and pari-passu investor rights for Alternative Investment Funds (‘AIFs’). Through this,
... Continue Reading.Cryptocurrency as Property: Madras High Court’s Ruling and the Indian Regulatory Framework
[Ashwasti Shravani is a 4th year B.B.A., LL.B. (Hons.) student at the National Law University Odisha)] On 25 October 2025, the Madras High Court delivered a landmark judgment in Rhutikumari v. Zanmai Labs Pvt. Ltdclassifying cryptocurrency as “property” under Indian law, giving legal recognition to investors’ ownership rights and establishing that crypto exchanges function as fiduciaries holding digital
... Continue Reading.WINTER VACATION & NEW YEAR NOTICE
On account of the Winter Vacation, no articles will be published this week. We will resume publishing our articles from 10th January. We take this opportunity to wish all our readers a very Happy New Year and thank you for your continued trust and support. The post WINTER VACATION & NEW YEAR NOTICE first appeared
... Continue Reading.WHEN TIME BECOMES THE ESSENCE: DISCIPLINE, DELAY AND FORFEITURE UNDER THE INSOLVENCY REGIME
INTRODUCTIONThe Supreme Court of India, in M/s. Shri Karshni Alloys Private Limited v. Ramakrishnan Sadasivan, Civil Appeal Nos. 3625–3628 of 2025, reported as 2025 INSC 1411, delivered an important judgment on 10 December 2025. The decision was rendered by a Division Bench comprising Justice Sanjay Kumar and Justice Alok Aradhe.The Judgment revisits fundamental principles governing
... Continue Reading.A CLOAK OF PROTECTION: UNRAVELLING JUDICIAL OVERREACH IN PRE-ARREST DIRECTIONS
INTRODUCTIONThis article analyses the Supreme Court’s decision in Sanjay Kumar Gupta v. State of U.P. & Ors., Criminal Appeal (Arising out of SLP (Crl.) Nos. 17464–17465 of 2025), delivered by a Division Bench comprising Justice Vikram Nath and Justice Sandeep Mehta. The Judgment, pronounced on 1 December 2025, examines the legality of the Allahabad High
... Continue Reading.GUARDIANS OF THE WILD: SUPREME COURT’S RESTORATION MANDATE FOR CORBETT NATIONAL PARK
INTRODUCTIONIn Re: Corbett (2025), decided on 17 November 2025 by a Bench led by Chief Justice B.R. Gavai, the Supreme Court of India delivered a landmark Judgment aimed at rescuing the deteriorating ecology of the Corbett Tiger Reserve. The Court issued strong directions to regulate tourism, restore damaged core areas and reform long-term conservation policies.
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