Due diligence is essential before investing in a venture, a business, or a firm. A diligence exercise puts you in a better position to negotiate with vendors, onboard vendors quickly, and ensure that your project is successful without exposing it...

PayPal, which began India operations in November 2017, has been hit by Rs. 96 Lakh penalty by the Financial Intelligence Unit (FIU) for alleged contravention of the anti-money laundering law and accused of ‘concealing’ suspect financial transactions and abetting “disintegration”...

The Insolvency and Bankruptcy Code, 2016 lists four types of vulnerable transactions, namely Preferential, Undervalued, Fraudulent, and Extortionate. PUFE Transactions are covered under sections 43, 45, 66, and 50 of IBC. The Covid-19 pandemic have caused consolidation transactions to increase...

The Insolvency and Bankruptcy Code, 2016 has taken a paradigm shift in recent years. An insolvency application under the code can be filed before the National Company Law Tribunal (NCLT) if the debt becomes accrued and eventually the corporate debtor...