Driven by excellence, focused on strategies for the longer term.

This is the crux of who we are. It is an articulation of precision in purpose, from the Firm’s beginnings to where we are today. Our collective eye is unerringly trained on tomorrow.

Deep sectoral expertise across services and industries.

Our insistence on strategic advisory exacts an in-depth understanding of and involvement with our clients’ businesses and industries. We engage not just individual businesses, but also contribute to the country’s legal and regulatory frameworks.

Personal commitment supported by experience and grit.

We commit early. We pull together internally for greater support. Every effort is sincere, every individual deeply dedicated to their task, their role, to the Firm.

Our undertakings for long-term impact are an organic extension of our purpose.

They are to employ our deep knowledge of the law beyond the business, the transaction, the deal. To use the opportunities and skills we possess, to reflect on the culture we’re creating. Individually and collectively, these are our efforts to help shape the thinking of our future generations, and arm them with strategies for true, sustainable growth.

Knowledge-sharing is intrinsic to equity and inclusivity.

This is a repository of thought leadership, deep insights and strong viewpoints, legal and other news and events and how they impact the industry and our clients.

Relevance is critical to growth. It necessitates a firm that is dynamic and responsive.

Amplifying intrinsic talent, sharpening skills, expanding knowledge, is vital to leading. It defines every aspect of how our firm functions and transacts. This is how we create new benchmarks and set industry standards.

  • Connect
Dec 30, 2019

Acquisition by Asset Reconstruction Companies from Sponsors and Lenders

RBI has, by way of circular dated December 6, 2019, stipulated that asset reconstruction companies (‘ARCs’) cannot acquire financial assets from the following, on a bilateral basis, irrespective of the consideration: (i) a bank/financial institution which is the sponsor of the ARC, (ii) a bank/financial institution which is either a lender to the ARC or a subscriber to the fund, if any, raised by the ARC for its operations, or (iii) an entity in the group to which the ARC belongs. However, ARCs are permitted to participate in auctions for financial assets which are conducted in a transparent manner, on arm’s length basis and where the prices are determined by market forces.

TAGS

    SHARE

    Subscribe

    DISCLAIMER

    These are the views and opinions of the author(s) and do not necessarily reflect the views of the Firm. This article is intended for general information only and does not constitute legal or other advice and you acknowledge that there is no relationship (implied, legal or fiduciary) between you and the author/AZB. AZB does not claim that the article's content or information is accurate, correct or complete, and disclaims all liability for any loss or damage caused through error or omission.

    RELATED READING

    Inter Alia

    MCA Updates Format of Corporate Filing in Form MGT-6 and BEN-2 for Disclosing Beneficial Interest

    Oct 30, 2024 | Corporate / Mergers & Acquisitions
    Inter Alia

    SEBI Restricts Certain Intermediaries from Association with Unregulated Advisors

    Oct 30, 2024 | Financial Services Regulatory & Securities
    Inter Alia

    Supreme Court Holds that Arbitral Awards with Inadequate Reasons Should be Explained Rather than Set Aside

    Oct 30, 2024 | Dispute Resolution