Rukshad Davar expresses his views on the discontent of small investors with The Hindu Business Line

by | May 19, 2020

Our Partner, Rukshad Davar, features in Business Line (aka The Hindu Business Line), with his thoughts on the discontent of small investors in the wake of cases such as PMC, DHFL, CKP and Franklin Templeton, among others.

“In any bank, the liability for equity holders is limited to the face value of shares. The developments at Yes Bank were tackled marvelously by the government and the RBI, equity holders were also comforted even though 75 percent of their holding is locked in for three years. But whether the government will be able to step in for other such large­scale defaults is yet to be seen. In the case of the six funds of Franklin Templeton, investors will have to wait and see what part of their money gets returned”.

 

More News

“Workman” interpreted under Indian employment law

In the recent case of Rohit Dembiwal v. Tata Consultancy Services Ltd., the Bombay High Court held that an IT analyst did not qualify as a “workman” under the Industrial Disputes Act, 1947, as his day-to-day responsibilities were supervisory in nature, and his...

read more

EXL Service.com deemed not to have a PE in India

Last week, in the EXL Service.Com, Inc. case, the Delhi Income-tax Appellate Tribunal (Tribunal) followed the Supreme Court’s rulings in the Formula One and E-Funds cases and, inter alia, held that a US taxpayer does not have a fixed place permanent establishment...

read more

IBLJ A-List Rankings 2023-24

We are pleased to share that Akil Hirani, Managing Partner and Head of Transactions, Neerav Merchant, Partner and Head of Disputes, and Rukshad Davar, Partner and Head of M&A Practice, have been recognised as India's A-List lawyers for 2023-24 by India Business...

read more

Chambers and Partners 2024 Rankings

We are pleased to share that our firm has been recommended for various practice areas by Chambers and Partners in their Asia-Pacific Guide 2024. Firm Rankings Corporate/M&A: The Elite Dispute Resolution Employment Life Sciences Real Estate: Mumbai-based...

read more

IFLR1000 rankings – 2023

We are pleased to share our IFLR1000 rankings for 2023. Firm Rankings Tier 3 M&A Private Equity Project Finance Project Development: Telecommunications Networks Tier 4 Banking Capital Markets: Debt Project Development: Infrastructure Partner Rankings Akil Hirani,...

read more