Indian court's reversal of $2.3 billion deal casts shadow on bankruptcy law
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 08 2025
0mins
Source: Reuters
Supreme Court Ruling Impact: India's Supreme Court has quashed a significant $2.3 billion steel industry deal, raising concerns among investors in distressed assets and causing some international funds to pause their plans in India due to fears over investment certainty.
Concerns Over Insolvency Law: The ruling highlights procedural flaws in the insolvency process, casting doubt on the effectiveness of India's bankruptcy reforms aimed at reviving sick companies, as it allows for successful bids to be challenged and raises fears of reversed decisions years later.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
