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Utkarsh Kumar

Partner in the Disputes Practice at the Mumbai office of Cyril Amarchand Mangaldas. Utkarsh focuses on shareholder and boardroom disputes, particularly matters involving promoter-investor relationships, governance and control, and breakdowns in investment and M&A arrangements. He also advises on regulatory investigations and enforcement matters. He can be reached at utkarsh.kumar@cyrilshroff.com.

NFRA Reimagined: What the 2026 Amendment Bill means for Boards, Audit Committees, and Auditors

Summary: NFRA is fast becoming the new benchmark of governance for audit quality, financial reporting and audit committee oversight. This blog examines how the Corporate Laws (Amendment) Bill, 2026 proposes to strengthen NFRA’s framework, why this matters for boards, audit committees, in-house counsel and auditors, and what companies should do to prepare.

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Ministry of New & Renewable Energy (MNRE) revises Dispute Resolution Mechanism for Renewable Energy Projects

Introduction

The Ministry of New & Renewable Energy (“MNRE”) has issued an order dated June 07, 2023 (“Order”), to bring about important changes to the dispute resolution mechanism for disputes between Renewable Energy Power Developers/ Engineering, procurement, and construction (EPC) Contractors and designated Renewable Energy Implementing Agencies (“REIA”). The Order aims to provide a time-bound, transparent and unbiased platform for resolving disputes in the renewable energy sector.

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