Animesh Bisht

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Principal Associate in the Dispute Resolution Team at the Mumbai office of Cyril Amarchand Mangaldas. Animesh focuses on corporate insolvency, regulatory matters in relation to securities laws and corporate/commercial litigation. He can be reached at animesh.bisht@cyrilshroff.com

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On April 21, 2018 the Fugitive Economic Offenders Ordinance, 2018 (FEO Ordinance) was promulgated to immediately bring into effect the provisions contained in the Fugitive Economic Offenders Bill, 2018 (FEO Bill)[1]. The Union Finance Minister Mr. Arun Jaitley, in his Budget speech, had announced that Central Government was considering the introduction of legislative changes to confiscate the assets of ‘big time offenders’, including economic offenders, who flee the country to escape the Indian legal system.…