Photo of Abir Dey

Principal Associate in the Projects and Project Finance practice at the Mumbai office of Cyril Amarchand Mangaldas, Abir has a wide range of experience in banking, projects, project financing, structured financing and debt restructuring across various sectors including Solar, Wind, Road, Thermal, Oil & Gas, Transmission, Real Estate, Ports, Hydro, Warehousing, Aviation, Automobile. He can be reached at abir.dey@cyrilshroff.com

Impact of the Companies (Amendment) Ordinance, 2018 on Registration of Charges

On November 2, 2018, the Ministry of Corporate affairs promulgated an ordinance[1] (the Ordinance) inter alia amending certain provisions of the Companies Act, 2013 (the Act). One of the amendments is for the purpose of reducing the extended timelines for filing a charge created by a company as per Section 77(1) of the Act upon payment of additional fees prescribed by the Registrar.
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Summary of Delhi HC Judgement of 13 3A SARFARESI

Can a secured creditor respond to a representation by a borrower, in response to a notice issued to him under section 13(2) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act), beyond the mandatory period of 15 days (as stipulated under Section 13 (3A) of SARFAESI Act)?
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