News

• Money control - 13-02-2023

The Supreme Court (SC) is likely to uphold the Bombay High Court’s order in the Yes Bank additional tier 1 (AT1) bond case. Last month, the Bombay High Court (HC) quashed the decision to write off Yes Bank AT1 bonds worth Rs 8,415 crore, providing relief to the investors. Our Partner Aman Avinav while stating that the judgment is well-reasoned shared with moneycontrol.com, that, "only if the SC disagrees with the reasoning provided by the HC would it set aside the High Court judgment". He added that the SC would consider whether there are tenable grounds to interfere with the HC judgment.

• Expert Guides - 31-01-2023

We are pleased to announce that our Co-Founding partner Manjula Chawla has been recognised as ‘Women in Business Law’ in '𝗖𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 𝗚𝗼𝘃𝗲𝗿𝗻𝗮𝗻𝗰𝗲' by Legal Media Group Expert Guides

• Mint - 31-01-2023

Union Budget 2023 ought to make considerable changes in Indian Railways from green energy, emphasis on capital expenditure, boosting PPPs in the sector, improving accessibility to long-term debt for projects and much more.

• The Business Standard - 20-01-2023

The Ministry of Corporate Affairs (MCA) has proposed changes to the Insolvency and Bankruptcy code to bring more technology, transparency, and speediness to the corporate insolvency resolution process. Watch Neha Naik, Associate Partner, Phoenix Legal at Business Standard’s morning show where she talks about the most important changes proposed by the MCA. She also shares insights on whether these changes will make the process more effective and remove the complaints that have been raised against the IBC process.

• Business Standard - 20-01-2023

The Securities and Exchange Board of India (Sebi) has intensified its drive against alleged violations of front-running regulations—considered one of the most serious stock market offences. In its latest action, the securities regulator has carried out search and seizure operations against market experts doling out stock advice on business news channels. Our Partner Aman Avinav in conversation with Business Standard shared insights on this issue. He shared that "the scope of [the] regulations was broadened to prohibit front-running by non-intermediaries and individuals, with effect from February 1, 2019. The offence attracts a penalty which may extend to Rs 25 crore, or three times the amount of profits made out of such practice, whichever is higher, upon conviction".

• Legal500 - 13-01-2023

We are pleased to share that The Legal 500 (Legalease) has ranked several of our practice areas in their 2023 edition.