India: Financial Services

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Article
Supreme Court Holds That Admission Of Debt By A Resolution Professional Does Not Amount To Acknowledgment Of Liability Under Article 18 Of The Limitation Act, 1963 And The Time Period Of Earlier CIRP Proceedings Against A Corporate Debtor Is To Be Excluded While Computing The Limitation Period Under Article 137 Of The Limitation Act, 1963
In the present matter, the date of default for the debt availed by the Corporate Debtor (“CD”) from Dewan Housing Finance Limited (“DHFL”) was 06.12.2016. However, DHFL itself was admitted into CIRP on 03.12.2019.
India Insolvency
Sagus Legal
Article
IFSCA Tightens Fund Management Regime In GIFT City: Accountability, Certification And Governance
The first half of the new Financial Year has seen a flurry of regulatory activity from the International Financial Services Centres Authority (IFSCA) with 3 (three) circulars being issued during the first half of April 2026, signalling a clear move toward a more regulated and professionally accountable fund management ecosystem in Gujarat International Finance Tec-City (GIFT City).
India Finance
KC
Khaitan & Co LLP
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