The Dollar Goes In and the Rupee Comes Out: Enforcement Blind Spot in India’s IFSC

The proposed Section 43A of the Companies (Amendment) Bill, 2026 enables IFSC companies to issue and maintain share capital in permitted foreign currency, yet the statutes governing recovery and insolvency remain substantially rupee denominated. This piece traces Section 43A's regulatory lineage, examines eligibility of IFSC entities to invoke enforcement mechanisms, and identifies junctures where currency incommensurability generates valuation uncertainty. It argues that the treatment of foreign currency in enforcement warrants coordinated regulatory resolution as a matter of 'design', rather than ex-post improvisation following default(s).

Dr. Garima Gupta, Ritu Ranjan

September 9, 2026

From Concentration to Diversification: Navigating Retail Deposits and Refinance Window for NBFCs

Siddhant Samaiya

September 2, 2026

The Illusion of Restraint: The Paradox of Supreme Court Jurisprudence under Article 226 and 227 in Arbitration

Aditya Mudhana

August 12, 2026

India’s Anti-Avoidance Framework After Tiger Global: Why GAAR and JAAR Should not be Invoked Together

Aadit Anand, Sakshi Meena

July 6, 2026

Appellate arbitration perspectives from India and Australia: The Draft Arbitration and Conciliation (Amendment) Bill 2024 and the ACICA Arbitration Rules

Prof. Benjamin Hayward

May 16, 2026

The Assignment Paradox: Reconciling Personal Guarantor Liability with Debt Transfers under IBC Resolution Plans

Dhiren Gupta

April 28, 2026

“Click, Upload, Done!” – Has Uploading on the Portal Diluted the Meaning of ‘Service of Notice’?

Shrushti Mahesh Taori, Tatva Hemal Damania

April 21, 2026

Two-Stage Approval Process under the IBC: Expedition or Complication?

Avanthika Venkatesh

April 19, 2026

Closing Loopholes Assessing Evasion Risks in Fast-Track Mergers

Ashar Nezami, Mohd. Arslaan

April 14, 2026

Divergent Stewardship in India: A Regulatory Blind Spot

Siddharth Singh, Hemant Tewari

March 30, 2026

Financing Corporate Acquisitions: RBI’s Framework and the Case for Linked Reforms

Anasruta Roy

March 30, 2026

Quantitative Thresholds, Qualitative Gaps: SEBI’s HVDLE Framework in Perspective

Vaishnawi Sinha, Ameya Sharma

February 23, 2026

Bouncing the Boundaries: Should Section 138 NI Act Complainants be Treated as “Victims” under Section 372 CrPC? – Part 2

Anmol Aggarwal, Ria Bansal

February 16, 2026

Bouncing the Boundaries: Should Section 138 NI Act Complainants be Treated as “Victims” under Section 372 CrPC? – Part 1

Anmol Aggarwal, Ria Bansal

February 16, 2026

Beyond Compensation and a New Dawn for Section 74: Supreme Court and Agreed Sum for Breach of Contract

Chiranth Mukunda

February 7, 2026

Between Innovation and Safeguards: Analysing SEBI’s 2025 Algorithmic Trading Circular (Part II)

Manav Pamnani

February 1, 2026

Between Innovation and Safeguards: Analysing SEBI’s 2025 Algorithmic Trading Circular (Part I)

Manav Pamnani

February 1, 2026

Ad-Interim Orders, Section 37(1)(b), and Article 227: Analysing the Missed Opportunity in Jindal Steel v. Bansal Infra

Sharnam Agarwal

January 3, 2026

No Claim Certificates in Indian Construction Arbitration: Balancing Coercion and Discharge

Prof. (Dr.) Ajar Rab

December 20, 2025

What’s in a Name? On the Regulation of “Phantom Stocks” under Tax law and FEMA

Bhasvar Adlakha

December 15, 2025

Slicing the Award Too Thin: HPCL v. G.R. Engineering and the Drift from Severance to Modification under Section 34

Anubhuti Raje

December 1, 2025