On the night of February 21, 2024, the Union Cabinet, in a historic move, announced its decision to amend the Foreign Direct Investment (FDI) policy in the space sector, by creating new sub-sectors wi...
While India remains under a lockdown and a state of siege prevails, the Reserve Bank of India ('RBI') has provided a set of directives granting a safe harbour of moratorium for a period of 3 months to borrowers, in an attempt to mitigate the adverse impact of the pandemic on the economy and with a view to revive growth and mitigate the burden of debt servicing. The applicability and interpretation of the circulars came up before the High Courts who have, after a prima facie consideration, protected the interests of the borrowers. In light of this, INDUSLAW's Amit Jajoo, Sushmita Gandhi, Bhargav Kosuru and Darpan Bhatia examine.
