India: Debt Capital Markets

Sometimes the most effective strategy is not to look for a new remedy, but to know the existing one better.

The Hon’ble Supreme Court of India, in Dineshchand Surana v UCO Bank, 2026 INSC 579 acting through a Bench comprising Justice J.B. Pardiwala and Justice K.V. Viswanathan, examined the interplay between the moratorium provisions under Part III of the Insolvency and Bankruptcy Code, 2016 and proceedings for dishonour of cheque under Section 138 of the Negotiable Instruments Act, 1881.

The enforcement of security interest under the SARFAESI Act, 2002 has long been recognised as a potent statutory remedy for the recovery of non-performing assets.

India's External Commercial Borrowing regulations have undergone significant amendments effective February 16, 2026, introducing substantial changes to pricing caps, end-use restrictions, and borrowing limits.

Reserve Bank of India through circular no. RBI/2026-27/10 A.P. (DIR Series) Circular No. 06 dated 10.04.2026 notified the amendment to the Master Direction - Reserve Bank of India (Non-resident Investment in Debt Instruments) Directions, 2025.

The Supreme Court has, through a recent decision (2026 INSC 201), now conclusively settled a long-standing controversy under the Insolvency and Bankruptcy Code...

Rebalancing Portfolios: Take advantage of the regulatory incentives by diverting to the increased allocation of the instruments of the sovereign debt.

The High Court of Delhi through its judgment dated 12.02.2026 in Avantha Holdings Limited v. ICICI Bank Limited & Ors. while applying the principle of parity held that where substantial delay on one side is overlooked, …

On the heels of the review initiated by the RBI of the Foreign Exchange Management (Borrowing and Lending) Regulations, 2018 (Erstwhile Regulations) in October 2025 and after taking into account the feedback received from industry participants and other stakeholders, …