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

India – Press Note 3 Update

A recent press report suggests that the Indian government is likely to clear joint venture proposals involving Chinese companies like Haier, Suzhou Innovance, China Highly Group and others where the Indian partner has a majority shareholding in the joint venture. In...

read more

No GST on slump sale transactions in India

In an important ruling in the Piramal Enterprises Limited’s case under the erstwhile VAT statute, the Bombay High Court (BHC) has reiterated that a business transfer as a going concern is to be treated as a slump sale, and the assets of the business cannot be...

read more

Benchmark Litigation Rankings 2024

We are pleased to share that we have been ranked for multiple practice areas in the Benchmark Litigation 2024 rankings. Firm Rankings Labour and Employment White-collar Crime Commercial and Transactions Insolvency International Arbitration Government and Regulatory...

read more