Potential, Pitfalls, and Policy Challenges

Debt Help

Debt-for-nature swaps have regained prominence globally, with more and more indebted countries using them to raise money for climate-related projects. Under such arrangements, a debtor country redirects payments in local currency toward agreed-upon climate mitigation and adaptation projects, instead of making payments on outstanding loans. While they are often presented as a win-win, their fiscal…

IBC| Creditors Can Initiate CIRP Against Both Borrower And Guarantor For Same Debt: Supreme Court

Liquidation

The Supreme Court has reaffirmed that a financial creditor is legally entitled to maintain simultaneous insolvency proceedings against a principal borrower and its corporate guarantor for the same debt, under the Insolvency and Bankruptcy Code, 2016 (IBC). The Bench said that while a creditor is prohibited from “double enrichment” meaning they cannot recover more than…

JSW Energy Secures Rail Infrastructure Amidst Insolvency Proceedings

Bankruptcy

1. THE SEAMLESS LINKThe acquisition of Raigarh Champa Rail Infrastructure (RCRIPL) by JSW Energy Ltd. represents a calculated move to further verticalize its operations, securing essential logistics for its growing power generation capacity. This strategic integration follows JSW Energy’s consistent pattern of acquiring distressed assets through insolvency processes to enhance operational synergies and cost efficiencies.…

Bankruptcy Court approves Raigarh Champa rail infrastructure’s acquisition by JSW Energy

Bankruptcy

The bankruptcy court has recently approved Raigarh Champa Rail Infrastructure’s acquisition by JSW Energy Ltd through the insolvency resolution process. Sajjan Jindal-owned JSW Energy has proposed a Rs 700 crore revival plan against the company’s admitted liabilities of about Rs 543 crore, resulting in a recovery of about 129% for the lenders. Before the National…