Putting Deals through a Microscope | Traversing Transactions attempts at dissecting a deal by analyzing various aspects and nuances of an M&A Transaction, traversing through a complex mesh of Commercial, Regulatory, and Tax ("CRT") imperatives!
Putting Deals through a Microscope | Traversing Transactions attempts at dissecting a deal by analyzing various aspects and nuances of an M&A Transaction, traversing through a complex mesh of Commercial, Regulatory, and Tax ("CRT") imperatives!
Putting Deals through a Microscope | Traversing Transactions attempts at dissecting a deal by analyzing various aspects and nuances of an M&A Transaction, traversing through a complex mesh of Commercial, Regulatory, and Tax ("CRT") imperatives!
My take, as quoted in Business Standard, on the potential adverse impact on future IBC acquisitions as a result of the recent decision of the SC with respect to the acquisition of Bhushan Steel by JSW.
“This will be a huge deterrent for future acquisitions under IBC. After going through the rigours of NCLT and NCLAT, an acquisition is still made null and void. It is a setback to the purpose of the IBC, which is to secure the interests of the creditors.”
Reminds me of retrospective taxation and coal block deallocations — where you won the game, and then the rules were rewritten to say: ‘Oops, you lost.’
