In S Rajendran v Deputy Commissioner of Income Tax (Benami Prohibition) & Ors 2026 SCC OnLine SC 298, SC considered whether NCLT or NCLAT, exercising jurisdiction in the course of liquidation proceedings under the IBC, can entertain a challenge to an order of provisional attachment passed under the Prohibition of the Benami Act.
On 11 February 2026, the Reserve Bank of India (RBI) released draft amendments (Draft Amendments) to the RBI (Undertaking of Financial Services) Directions, 2025 (Financial Services Directions) and the RBI (Responsible Business Conduct) Directions, 2025 (Business Conduct Directions) for various RBI-regulated entities (REs).
Khaitan & Co acted as the transaction counsel in relation to the maiden issue of listed, secured, rated, redeemable, non-cumulative, non-convertible debentures (“Debentures”) aggregating to INR 1000 crores in two series, on a private placement basis (“Issue”) by Shriram Pistons & Rings Ltd (“Issuer”).
In State Bank of India v Union of India & Ors., 2026 INSC 153 (Judgment) the Hon’ble Supreme Court (SC) examined the treatment of spectrum and telecom licenses in corporate insolvency resolution proceedings of telecom companies under the Insolvency and Bankruptcy Code, 2016 (IBC) in the background of the prevailing telecom law regime which regulates allocation of spectrum to a telecom service provider (TSP) by Department of Telecommunications (DoT).
An ERGO on the recent amendments to the External Commercial Borrowing (ECB) regime.
On 13 February 2026, RBI has issued Reserve Bank of India (Commercial Banks - Credit Facilities) Amendment Directions, 2026 (Credit Facilities Amendment Directions), Reserve Bank of India (Concentration Risk Management Amendment Directions, 2026 (Concentration Risk Management Directions) along with other related amendment directions (collectively, ‘CME Amendment Directions’) that together implement a re
Khaitan & Co advised a consortium of resolution applicants comprising Oberoi Realty Ltd, Shree Naman Developers Pvt Ltd, and JM Financial Properties and Holdings Ltd in relation to legal due diligence, title due diligence and submission of resolution plan for Hotel Horizon Pvt Ltd under the Corporate Insolvency Resolution Process (CIRP).
Khaitan & Co acted as legal counsel to Standard Chartered Bank in connection with term loan facilities (Facilities) of (a) INR 40 crores extended to Inox Neo Energies Ltd; (b) INR 185 crores to Skypower Solar India Pvt Ltd (Skypower); and (c) INR 238.22 crores to Skypower Southeast Solar India Pvt Ltd.
Khaitan & Co advised TVS Emerald Ltd (the real estate arm of the TVS Group) (“Sponsor”), on its INR 239 Crore investment from International Finance Corporation, the private sector arm of the World Bank Group, through the issuance of listed, unsecured, rated, redeemable, principle-protected, non-convertible debentures by the Sponsor’s subsidiaries, namely (i) Emerald Haven Properties Pvt Ltd; (ii) Emerald Haven Life Spaces 2 Pvt Ltd; and (iii) Emerald Haven Life Spaces 3 Pvt.
